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$377,004$377,004$386,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,401$0
Funding fee$1,885$1,885$0
Note rate6.640%6.640%7.320%
Blended rate6.640%7.043%7.560%
1st payment$2,486.33$2,486.33$2,657.80
2nd payment$0.00$310.74$0.00
Taxes / mo$323.08$323.08$323.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$121.00$121.00$121.00
Total monthly$3,080.42$3,391.16$3,329.27
Cash to close$52,896$21,495$42,990