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$308,334$308,334$346,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$38,166$0
Funding fee$1,542$1,542$0
Note rate6.420%6.420%7.400%
Blended rate6.420%6.704%7.640%
1st payment$2,012.59$2,012.59$2,399.10
2nd payment$0.00$286.25$0.00
Taxes / mo$185.58$185.58$185.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$8.33$8.33$8.33
Total monthly$2,356.50$2,642.75$2,812.31
Cash to close$76,666$38,500$38,500