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$354,936$354,936$386,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$31,974$0
Funding fee$1,775$1,775$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.119%7.640%
1st payment$2,402.83$2,402.83$2,678.89
2nd payment$0.00$239.81$0.00
Taxes / mo$153.58$153.58$153.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$33.33$33.33$33.33
Total monthly$2,739.74$2,979.55$3,093.18
Cash to close$74,964$42,990$42,990