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$328,394$328,394$342,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$32,606$0
Funding fee$1,642$1,642$0
Note rate5.900%5.900%7.400%
Blended rate5.900%6.440%7.640%
1st payment$2,013.70$2,013.70$2,367.94
2nd payment$0.00$322.67$0.00
Taxes / mo$365.75$365.75$365.75
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$2,529.45$2,852.12$2,952.09
Cash to close$51,606$19,000$38,000