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$398,616$398,616$414,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,384$0
Funding fee$1,993$1,993$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.319%7.640%
1st payment$2,685.58$2,685.58$2,866.45
2nd payment$0.00$379.84$0.00
Taxes / mo$257.92$257.92$257.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,110.16$3,490.00$3,373.84
Cash to close$61,384$23,000$46,000