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$344,060$344,060$405,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$60,940$0
Funding fee$1,720$1,720$0
Note rate6.770%6.770%7.320%
Blended rate6.770%7.106%7.560%
1st payment$2,291.00$2,291.00$2,782.07
2nd payment$0.00$457.05$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,816.00$3,273.05$3,388.07
Cash to close$105,940$45,000$45,000