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$378,625$378,625$508,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$129,875$0
Funding fee$1,893$1,893$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.121%7.640%
1st payment$2,546.48$2,546.48$3,520.75
2nd payment$0.00$865.84$0.00
Taxes / mo$195.83$195.83$195.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$12.50$12.50$12.50
Total monthly$2,921.48$3,787.31$3,997.45
Cash to close$186,375$56,500$56,500