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$320,146$320,146$495,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$174,854$0
Funding fee$1,601$1,601$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.314%7.560%
1st payment$2,167.34$2,167.34$3,400.31
2nd payment$0.00$1,165.69$0.00
Taxes / mo$373.25$373.25$373.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,707.25$3,872.94$4,039.22
Cash to close$229,854$55,000$55,000