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$392,754$392,754$612,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$219,246$0
Funding fee$1,964$1,964$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.877%7.640%
1st payment$2,553.14$2,553.14$4,237.36
2nd payment$0.00$1,415.97$0.00
Taxes / mo$33.75$33.75$33.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,753.56$4,169.53$4,560.18
Cash to close$287,246$68,000$68,000