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$388,307$388,307$418,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$30,193$0
Funding fee$1,942$1,942$0
Note rate6.710%6.710%7.400%
Blended rate6.710%6.875%7.640%
1st payment$2,603.60$2,603.60$2,897.61
2nd payment$0.00$226.45$0.00
Taxes / mo$496.92$496.92$496.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,267.18$3,493.63$3,644.89
Cash to close$76,693$46,500$46,500