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$371,906$371,906$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,844$0
Funding fee$1,860$1,860$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.758%7.640%
1st payment$2,409.78$2,409.78$2,648.35
2nd payment$0.00$315.13$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$0.00$0.00$0.00
Total monthly$2,913.94$3,229.07$3,229.02
Cash to close$53,094$21,250$42,500