Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$325,018$325,018$360,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$34,982$0
Funding fee$1,625$1,625$0
Note rate6.620%6.620%7.400%
Blended rate6.620%6.851%7.640%
1st payment$2,113.22$2,113.22$2,492.57
2nd payment$0.00$262.37$0.00
Taxes / mo$118.50$118.50$118.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,381.72$2,644.08$2,833.07
Cash to close$74,982$40,000$40,000