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$350,830$350,830$396,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$45,170$0
Funding fee$1,754$1,754$0
Note rate7.020%7.020%7.400%
Blended rate7.020%7.246%7.640%
1st payment$2,393.50$2,393.50$2,741.82
2nd payment$0.00$338.77$0.00
Taxes / mo$160.25$160.25$160.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,703.75$3,042.52$3,131.27
Cash to close$89,170$44,000$44,000