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$357,595$357,595$382,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$46,155$0
Funding fee$1,788$1,788$0
Note rate6.470%6.470%7.320%
Blended rate6.470%7.088%7.560%
1st payment$2,306.78$2,306.78$2,627.51
2nd payment$0.00$456.74$0.00
Taxes / mo$220.58$220.58$220.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,677.37$3,134.11$3,074.59
Cash to close$67,405$21,250$42,500