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$325,663$325,663$347,310
Remaining term (yrs)25.725.730.0
Secondary amount$0$40,942$0
Funding fee$1,628$1,628$0
Note rate5.300%5.300%7.400%
Blended rate5.300%6.034%7.640%
1st payment$1,930.89$1,930.89$2,404.70
2nd payment$0.00$405.16$0.00
Taxes / mo$237.67$237.67$237.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.46
HOA / mo$40.00$40.00$40.00
Total monthly$2,358.56$2,763.71$2,901.83
Cash to close$60,237$19,295$38,590