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$337,711$337,711$360,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$42,289$0
Funding fee$1,689$1,689$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.965%7.640%
1st payment$2,189.36$2,189.36$2,492.57
2nd payment$0.00$418.49$0.00
Taxes / mo$193.83$193.83$193.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$1.67$1.67$1.67
Total monthly$2,534.86$2,953.35$2,910.07
Cash to close$62,289$20,000$40,000