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$381,260$381,260$553,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$172,240$0
Funding fee$1,906$1,906$0
Note rate5.220%5.220%7.320%
Blended rate5.220%6.085%7.560%
1st payment$2,232.21$2,232.21$3,802.16
2nd payment$0.00$1,148.26$0.00
Taxes / mo$497.50$497.50$497.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$427.58$427.58$427.58
Total monthly$3,323.95$4,472.22$5,004.61
Cash to close$233,740$61,500$61,500