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$333,399$333,399$387,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$53,601$0
Funding fee$1,667$1,667$0
Note rate6.770%6.770%7.320%
Blended rate6.770%7.079%7.560%
1st payment$2,215.54$2,215.54$2,658.42
2nd payment$0.00$402.01$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,723.87$3,125.88$3,244.15
Cash to close$96,601$43,000$43,000