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$330,853$330,853$562,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$231,647$0
Funding fee$1,654$1,654$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.950%7.640%
1st payment$2,155.83$2,155.83$3,894.64
2nd payment$0.00$1,496.06$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,843.33$4,339.39$4,694.64
Cash to close$294,147$62,500$62,500