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$340,634$340,634$369,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,366$0
Funding fee$1,703$1,703$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.117%7.640%
1st payment$2,334.06$2,334.06$2,554.88
2nd payment$0.00$212.74$0.00
Taxes / mo$623.67$623.67$623.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$36.67$36.67$36.67
Total monthly$3,144.40$3,357.14$3,439.02
Cash to close$69,366$41,000$41,000