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$359,962$359,962$674,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$314,138$0
Funding fee$1,800$1,800$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.083%7.560%
1st payment$2,367.88$2,367.88$4,630.60
2nd payment$0.00$2,028.81$0.00
Taxes / mo$589.58$589.58$589.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.82
HOA / mo$221.00$221.00$221.00
Total monthly$3,395.13$5,423.94$5,792.67
Cash to close$389,038$74,900$74,900