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$345,351$345,351$436,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$91,149$0
Funding fee$1,727$1,727$0
Note rate6.810%6.810%7.320%
Blended rate6.810%7.267%7.560%
1st payment$2,284.07$2,284.07$2,998.45
2nd payment$0.00$683.62$0.00
Taxes / mo$320.08$320.08$320.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,770.82$3,454.44$3,572.50
Cash to close$139,649$48,500$48,500