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$340,179$340,179$359,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$38,871$0
Funding fee$1,701$1,701$0
Note rate6.650%6.650%7.320%
Blended rate6.650%7.186%7.560%
1st payment$2,275.51$2,275.51$2,466.77
2nd payment$0.00$384.66$0.00
Taxes / mo$415.50$415.50$415.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$2.08$2.08$2.08
Total monthly$2,843.09$3,227.75$3,106.17
Cash to close$58,821$19,950$39,900