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$361,846$361,846$422,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$61,064$0
Funding fee$1,809$1,809$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.066%7.640%
1st payment$2,407.30$2,407.30$2,928.14
2nd payment$0.00$457.98$0.00
Taxes / mo$237.08$237.08$237.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$186.00$186.00$186.00
Total monthly$2,997.05$3,455.03$3,602.48
Cash to close$108,054$46,990$46,990