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$318,334$318,334$395,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$77,576$0
Funding fee$1,592$1,592$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.271%7.640%
1st payment$2,117.74$2,117.74$2,741.20
2nd payment$0.00$581.82$0.00
Taxes / mo$172.25$172.25$172.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$22.25$22.25$22.25
Total monthly$2,462.24$3,044.06$3,164.88
Cash to close$121,566$43,990$43,990