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$321,140$321,140$332,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$29,410$0
Funding fee$1,606$1,606$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.814%7.640%
1st payment$2,044.66$2,044.66$2,299.39
2nd payment$0.00$291.04$0.00
Taxes / mo$309.92$309.92$309.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$12.50$12.50$12.50
Total monthly$2,517.08$2,808.11$2,838.23
Cash to close$47,860$18,450$36,900