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$315,330$315,330$337,410
Remaining term (yrs)27.727.730.0
Secondary amount$0$40,825$0
Funding fee$1,577$1,577$0
Note rate7.030%7.030%7.400%
Blended rate7.030%7.585%7.640%
1st payment$2,153.38$2,153.38$2,336.16
2nd payment$0.00$404.00$0.00
Taxes / mo$95.58$95.58$95.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.96$2,802.96$2,649.22
Cash to close$59,570$18,745$37,490