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$342,209$342,209$404,010
Remaining term (yrs)28.028.030.0
Secondary amount$0$61,801$0
Funding fee$1,711$1,711$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.628%7.640%
1st payment$2,143.64$2,143.64$2,797.28
2nd payment$0.00$463.51$0.00
Taxes / mo$300.33$300.33$300.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,593.97$3,057.48$3,328.42
Cash to close$106,691$44,890$44,890