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$397,043$397,043$405,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$30,457$0
Funding fee$1,985$1,985$0
Note rate6.930%6.930%7.400%
Blended rate6.930%7.282%7.640%
1st payment$2,664.78$2,664.78$2,804.14
2nd payment$0.00$301.40$0.00
Taxes / mo$75.25$75.25$75.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$91.67$91.67$91.67
Total monthly$2,981.70$3,283.10$3,202.06
Cash to close$52,957$22,500$45,000