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$388,255$388,255$396,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$29,745$0
Funding fee$1,941$1,941$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.743%7.640%
1st payment$2,471.97$2,471.97$2,741.82
2nd payment$0.00$294.35$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,988.64$3,282.99$3,337.69
Cash to close$51,745$22,000$44,000