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$370,077$370,077$382,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$33,673$0
Funding fee$1,850$1,850$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.792%7.640%
1st payment$2,406.10$2,406.10$2,648.35
2nd payment$0.00$333.23$0.00
Taxes / mo$246.75$246.75$246.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$163.00$163.00$163.00
Total monthly$2,965.85$3,299.08$3,284.60
Cash to close$54,923$21,250$42,500