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$397,948$397,948$444,600
Remaining term (yrs)26.426.430.0
Secondary amount$0$46,652$0
Funding fee$1,990$1,990$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.762%7.640%
1st payment$2,623.87$2,623.87$3,078.32
2nd payment$0.00$349.89$0.00
Taxes / mo$411.67$411.67$411.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.92
HOA / mo$30.00$30.00$30.00
Total monthly$3,232.21$3,582.10$3,775.57
Cash to close$96,052$49,400$49,400