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$372,598$372,598$562,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$189,812$0
Funding fee$1,863$1,863$0
Note rate6.020%6.020%7.400%
Blended rate6.020%6.688%7.640%
1st payment$2,362.54$2,362.54$3,894.01
2nd payment$0.00$1,265.42$0.00
Taxes / mo$599.42$599.42$599.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.48
HOA / mo$254.00$254.00$254.00
Total monthly$3,382.62$4,648.04$5,026.58
Cash to close$252,302$62,490$62,490