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$350,749$350,749$404,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$53,351$0
Funding fee$1,754$1,754$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.108%7.640%
1st payment$2,351.73$2,351.73$2,797.91
2nd payment$0.00$400.13$0.00
Taxes / mo$247.75$247.75$247.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,749.48$3,149.61$3,276.48
Cash to close$98,251$44,900$44,900