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$355,575$355,575$404,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$49,335$0
Funding fee$1,778$1,778$0
Note rate6.580%6.580%7.400%
Blended rate6.580%6.875%7.640%
1st payment$2,370.90$2,370.90$2,803.52
2nd payment$0.00$370.02$0.00
Taxes / mo$45.08$45.08$45.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,565.98$2,936.00$3,079.58
Cash to close$94,325$44,990$44,990