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$371,491$371,491$386,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,059$0
Funding fee$1,857$1,857$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.882%7.640%
1st payment$2,196.01$2,196.01$2,673.28
2nd payment$0.00$356.84$0.00
Taxes / mo$473.75$473.75$473.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$45.83$45.83$45.83
Total monthly$2,865.59$3,222.42$3,420.08
Cash to close$57,509$21,450$42,900