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$337,296$337,296$438,300
Remaining term (yrs)25.925.930.0
Secondary amount$0$101,004$0
Funding fee$1,686$1,686$0
Note rate5.550%5.550%7.400%
Blended rate5.550%6.115%7.640%
1st payment$2,041.65$2,041.65$3,034.70
2nd payment$0.00$673.36$0.00
Taxes / mo$58.25$58.25$58.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.66
HOA / mo$0.00$0.00$0.00
Total monthly$2,266.56$2,939.92$3,347.28
Cash to close$149,704$48,700$48,700