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$331,570$331,570$481,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$149,930$0
Funding fee$1,658$1,658$0
Note rate6.370%6.370%7.400%
Blended rate6.370%6.878%7.640%
1st payment$2,073.28$2,073.28$3,333.81
2nd payment$0.00$999.53$0.00
Taxes / mo$159.25$159.25$159.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,399.20$3,398.73$3,756.03
Cash to close$203,430$53,500$53,500