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$372,525$372,525$382,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,225$0
Funding fee$1,863$1,863$0
Note rate6.460%6.460%7.400%
Blended rate6.460%6.879%7.640%
1st payment$2,398.17$2,398.17$2,648.35
2nd payment$0.00$308.99$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$310.00$310.00$310.00
Total monthly$3,212.33$3,521.33$3,539.02
Cash to close$52,475$21,250$42,500