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$316,570$316,570$360,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$43,430$0
Funding fee$1,583$1,583$0
Note rate6.280%6.280%7.400%
Blended rate6.280%6.608%7.640%
1st payment$2,038.31$2,038.31$2,492.57
2nd payment$0.00$325.73$0.00
Taxes / mo$144.75$144.75$144.75
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$2,333.06$2,658.79$2,859.32
Cash to close$83,430$40,000$40,000