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$338,754$338,754$345,600
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,046$0
Funding fee$1,694$1,694$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.209%7.640%
1st payment$2,268.84$2,268.84$2,392.86
2nd payment$0.00$257.75$0.00
Taxes / mo$7.67$7.67$7.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.12
HOA / mo$352.00$352.00$352.00
Total monthly$2,778.50$3,036.25$2,971.65
Cash to close$45,246$19,200$38,400