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$383,950$383,950$611,100
Remaining term (yrs)29.629.630.0
Secondary amount$0$227,150$0
Funding fee$1,920$1,920$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.965%7.640%
1st payment$2,433.46$2,433.46$4,231.13
2nd payment$0.00$1,467.01$0.00
Taxes / mo$187.75$187.75$187.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,787.88$4,254.89$4,707.77
Cash to close$295,050$67,900$67,900