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$320,060$320,060$345,600
Remaining term (yrs)26.726.730.0
Secondary amount$0$25,540$0
Funding fee$1,600$1,600$0
Note rate6.430%6.430%7.400%
Blended rate6.430%6.620%7.640%
1st payment$2,088.71$2,088.71$2,392.86
2nd payment$0.00$191.55$0.00
Taxes / mo$222.08$222.08$222.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.12
HOA / mo$65.00$65.00$65.00
Total monthly$2,525.80$2,717.35$2,899.07
Cash to close$63,940$38,400$38,400