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$320,070$320,070$346,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$26,430$0
Funding fee$1,600$1,600$0
Note rate4.170%4.170%7.320%
Blended rate4.170%4.538%7.560%
1st payment$1,694.31$1,694.31$2,380.21
2nd payment$0.00$198.22$0.00
Taxes / mo$213.00$213.00$213.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,057.31$2,255.54$2,812.51
Cash to close$64,930$38,500$38,500