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$320,731$320,731$335,700
Remaining term (yrs)25.925.930.0
Secondary amount$0$33,619$0
Funding fee$1,604$1,604$0
Note rate5.700%5.700%7.400%
Blended rate5.700%6.286%7.640%
1st payment$1,973.36$1,973.36$2,324.32
2nd payment$0.00$332.69$0.00
Taxes / mo$310.83$310.83$310.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.14
HOA / mo$0.00$0.00$0.00
Total monthly$2,434.19$2,766.88$2,852.29
Cash to close$52,269$18,650$37,300