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$343,047$343,047$355,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$32,203$0
Funding fee$1,715$1,715$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.181%7.640%
1st payment$2,246.71$2,246.71$2,461.41
2nd payment$0.00$318.67$0.00
Taxes / mo$17.42$17.42$17.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$105.00$105.00$105.00
Total monthly$2,519.13$2,837.80$2,804.93
Cash to close$51,953$19,750$39,500