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$398,436$398,436$551,250
Remaining term (yrs)26.626.630.0
Secondary amount$0$152,814$0
Funding fee$1,992$1,992$0
Note rate6.390%6.390%7.320%
Blended rate6.390%6.836%7.560%
1st payment$2,593.13$2,593.13$3,786.71
2nd payment$0.00$1,018.76$0.00
Taxes / mo$155.38$155.38$155.38
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.25
HOA / mo$4.17$4.17$4.17
Total monthly$2,919.34$3,938.10$4,223.17
Cash to close$214,064$61,250$61,250