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$389,512$389,512$405,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$37,988$0
Funding fee$1,948$1,948$0
Note rate6.220%6.220%7.320%
Blended rate6.220%6.723%7.560%
1st payment$2,407.03$2,407.03$2,782.07
2nd payment$0.00$375.92$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$30.83$30.83$30.83
Total monthly$2,783.44$3,159.37$3,239.48
Cash to close$60,488$22,500$45,000