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$397,199$397,199$405,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$30,301$0
Funding fee$1,986$1,986$0
Note rate5.410%5.410%7.400%
Blended rate5.410%5.868%7.640%
1st payment$2,374.16$2,374.16$2,804.14
2nd payment$0.00$299.85$0.00
Taxes / mo$528.33$528.33$528.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,052.49$3,352.34$3,563.47
Cash to close$52,801$22,500$45,000