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$347,141$347,141$369,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$42,359$0
Funding fee$1,736$1,736$0
Note rate6.730%6.730%7.400%
Blended rate6.730%7.290%7.640%
1st payment$2,297.81$2,297.81$2,554.88
2nd payment$0.00$419.18$0.00
Taxes / mo$243.50$243.50$243.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$39.67$39.67$39.67
Total monthly$2,730.98$3,150.16$3,061.85
Cash to close$62,859$20,500$41,000