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$332,000$332,000$350,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$38,405$0
Funding fee$1,660$1,660$0
Note rate6.730%6.730%7.400%
Blended rate6.730%7.263%7.640%
1st payment$2,197.59$2,197.59$2,429.63
2nd payment$0.00$380.05$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,493.42$2,873.47$2,795.65
Cash to close$57,900$19,495$38,990