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$391,182$391,182$445,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$54,318$0
Funding fee$1,956$1,956$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.077%7.640%
1st payment$2,665.84$2,665.84$3,084.55
2nd payment$0.00$407.38$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$365.00$365.00$365.00
Total monthly$3,610.00$4,017.39$4,117.82
Cash to close$103,818$49,500$49,500