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$355,009$355,009$386,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,901$0
Funding fee$1,775$1,775$0
Note rate6.150%6.150%7.320%
Blended rate6.150%6.385%7.560%
1st payment$2,265.20$2,265.20$2,657.80
2nd payment$0.00$239.26$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$46.83$46.83$46.83
Total monthly$2,820.28$3,059.54$3,290.27
Cash to close$74,891$42,990$42,990