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$315,191$315,191$395,999
Remaining term (yrs)28.428.430.0
Secondary amount$0$80,808$0
Funding fee$1,576$1,576$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.289%7.640%
1st payment$2,096.83$2,096.83$2,741.82
2nd payment$0.00$606.06$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,613.50$3,219.55$3,337.68
Cash to close$124,808$44,000$44,000