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$317,631$317,631$360,000
Remaining term (yrs)29.729.730.0
Secondary amount$0$42,369$0
Funding fee$1,588$1,588$0
Note rate6.510%6.510%7.400%
Blended rate6.510%6.803%7.640%
1st payment$2,013.38$2,013.38$2,492.57
2nd payment$0.00$317.77$0.00
Taxes / mo$190.58$190.58$190.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$2.08$2.08$2.08
Total monthly$2,356.04$2,673.81$2,907.23
Cash to close$82,369$40,000$40,000