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$329,742$329,742$346,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$36,008$0
Funding fee$1,649$1,649$0
Note rate6.620%6.620%7.400%
Blended rate6.620%7.137%7.640%
1st payment$2,143.93$2,143.93$2,399.10
2nd payment$0.00$356.33$0.00
Taxes / mo$469.42$469.42$469.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$233.00$233.00$233.00
Total monthly$2,996.35$3,352.68$3,320.81
Cash to close$55,258$19,250$38,500