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$345,017$345,017$373,410
Remaining term (yrs)26.526.530.0
Secondary amount$0$28,393$0
Funding fee$1,725$1,725$0
Note rate6.320%6.320%7.320%
Blended rate6.320%6.524%7.560%
1st payment$2,232.85$2,232.85$2,565.07
2nd payment$0.00$212.95$0.00
Taxes / mo$262.83$262.83$262.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,645.69$2,858.64$3,052.58
Cash to close$69,883$41,490$41,490