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$379,452$379,452$450,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$70,548$0
Funding fee$1,897$1,897$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.765%7.640%
1st payment$2,457.05$2,457.05$3,115.71
2nd payment$0.00$529.11$0.00
Taxes / mo$503.83$503.83$503.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,127.55$3,656.67$3,876.21
Cash to close$120,548$50,000$50,000