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$342,194$342,194$414,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$71,806$0
Funding fee$1,711$1,711$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.041%7.640%
1st payment$2,224.95$2,224.95$2,866.45
2nd payment$0.00$538.55$0.00
Taxes / mo$164.08$164.08$164.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,555.70$3,094.24$3,280.00
Cash to close$117,806$46,000$46,000