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$368,306$368,306$661,410
Remaining term (yrs)26.226.230.0
Secondary amount$0$293,104$0
Funding fee$1,842$1,842$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.098%7.560%
1st payment$2,455.79$2,455.79$4,543.43
2nd payment$0.00$1,892.96$0.00
Taxes / mo$302.50$302.50$302.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,974.96$4,867.92$5,194.88
Cash to close$366,594$73,490$73,490