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$325,114$325,114$342,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$35,886$0
Funding fee$1,626$1,626$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.034%7.640%
1st payment$2,072.17$2,072.17$2,367.94
2nd payment$0.00$355.12$0.00
Taxes / mo$522.58$522.58$522.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,744.76$3,099.88$3,108.92
Cash to close$54,886$19,000$38,000