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$367,837$367,837$378,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$31,163$0
Funding fee$1,839$1,839$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.542%7.640%
1st payment$2,240.02$2,240.02$2,617.20
2nd payment$0.00$308.39$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,740.02$3,048.40$3,192.80
Cash to close$52,163$21,000$42,000