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$341,421$341,421$413,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$71,679$0
Funding fee$1,707$1,707$0
Note rate6.950%6.950%7.320%
Blended rate6.950%7.306%7.560%
1st payment$2,293.85$2,293.85$2,837.71
2nd payment$0.00$537.59$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,843.01$3,380.61$3,469.50
Cash to close$117,579$45,900$45,900