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$381,988$381,988$387,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$26,512$0
Funding fee$1,910$1,910$0
Note rate6.950%6.950%7.320%
Blended rate6.950%7.270%7.560%
1st payment$2,601.46$2,601.46$2,658.42
2nd payment$0.00$262.36$0.00
Taxes / mo$94.25$94.25$94.25
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$2,845.70$3,108.07$2,980.07
Cash to close$48,012$21,500$43,000