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$340,637$340,637$350,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$28,913$0
Funding fee$1,703$1,703$0
Note rate6.580%6.580%7.320%
Blended rate6.580%6.994%7.560%
1st payment$2,193.08$2,193.08$2,404.94
2nd payment$0.00$286.12$0.00
Taxes / mo$59.50$59.50$59.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,402.58$2,688.70$2,684.46
Cash to close$48,363$19,450$38,900