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$48,996$48,996$387,000
Remaining term (yrs)6.06.030.0
Secondary amount$0$338,004$0
Funding fee$245$245$0
Note rate5.980%5.980%7.320%
Blended rate5.980%7.526%7.560%
1st payment$793.30$793.30$2,658.42
2nd payment$0.00$2,182.94$0.00
Taxes / mo$281.50$281.50$281.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,224.80$3,407.74$3,167.32
Cash to close$381,004$43,000$43,000