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$353,600$353,600$359,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$26,399$0
Funding fee$1,768$1,768$0
Note rate6.810%6.810%7.320%
Blended rate6.810%7.162%7.560%
1st payment$2,388.48$2,388.48$2,472.94
2nd payment$0.00$261.24$0.00
Taxes / mo$225.33$225.33$225.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,763.82$3,025.06$2,920.28
Cash to close$46,399$20,000$40,000