Dan Frey Home Loans
Call Dan

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$342,535$342,535$364,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$42,215$0
Funding fee$1,713$1,713$0
Note rate6.670%6.670%7.320%
Blended rate6.670%7.241%7.560%
1st payment$2,227.59$2,227.59$2,503.86
2nd payment$0.00$417.76$0.00
Taxes / mo$184.18$184.18$184.18
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,561.77$2,979.53$2,910.94
Cash to close$62,465$20,250$40,500