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$366,575$366,575$495,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$128,425$0
Funding fee$1,833$1,833$0
Note rate6.090%6.090%7.320%
Blended rate6.090%6.586%7.560%
1st payment$2,322.34$2,322.34$3,400.31
2nd payment$0.00$856.17$0.00
Taxes / mo$192.58$192.58$192.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$63.00$63.00$63.00
Total monthly$2,744.59$3,600.75$3,921.56
Cash to close$183,425$55,000$55,000