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$391,930$391,930$521,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$129,980$0
Funding fee$1,960$1,960$0
Note rate6.600%6.600%7.400%
Blended rate6.600%6.949%7.640%
1st payment$2,580.18$2,580.18$3,613.60
2nd payment$0.00$866.54$0.00
Taxes / mo$49.33$49.33$49.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,796.18$3,662.72$3,933.98
Cash to close$187,970$57,990$57,990