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$386,053$386,053$395,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$31,852$0
Funding fee$1,930$1,930$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.104%7.640%
1st payment$2,585.62$2,585.62$2,741.20
2nd payment$0.00$315.20$0.00
Taxes / mo$140.29$140.29$140.29
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$150.00$150.00$150.00
Total monthly$3,025.91$3,341.11$3,260.67
Cash to close$53,847$21,995$43,990