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$387,438$387,438$405,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$40,062$0
Funding fee$1,937$1,937$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.904%7.640%
1st payment$2,518.59$2,518.59$2,804.14
2nd payment$0.00$396.45$0.00
Taxes / mo$496.92$496.92$496.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,165.50$3,561.95$3,532.05
Cash to close$62,562$22,500$45,000