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$322,541$322,541$332,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$28,864$0
Funding fee$1,613$1,613$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.061%7.640%
1st payment$2,097.17$2,097.17$2,305.00
2nd payment$0.00$285.63$0.00
Taxes / mo$138.50$138.50$138.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,385.67$2,671.30$2,660.08
Cash to close$47,359$18,495$36,990