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$364,392$364,392$432,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$67,608$0
Funding fee$1,822$1,822$0
Note rate5.090%5.090%7.320%
Blended rate5.090%5.702%7.560%
1st payment$2,115.11$2,115.11$2,967.54
2nd payment$0.00$507.06$0.00
Taxes / mo$545.50$545.50$545.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,827.28$3,334.34$3,766.11
Cash to close$115,608$48,000$48,000