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$346,768$346,768$378,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,232$0
Funding fee$1,734$1,734$0
Note rate6.780%6.780%7.400%
Blended rate6.780%6.963%7.640%
1st payment$2,306.65$2,306.65$2,617.20
2nd payment$0.00$234.24$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$484.00$484.00$484.00
Total monthly$3,290.65$3,524.88$3,676.80
Cash to close$73,232$42,000$42,000