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$48,996$48,996$382,500
Remaining term (yrs)6.06.030.0
Secondary amount$0$333,504$0
Funding fee$245$245$0
Note rate5.980%5.980%7.320%
Blended rate5.980%7.523%7.560%
1st payment$793.30$793.30$2,627.51
2nd payment$0.00$2,153.88$0.00
Taxes / mo$293.42$293.42$293.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,236.72$3,390.60$3,147.43
Cash to close$376,004$42,500$42,500