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$391,343$391,343$405,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,157$0
Funding fee$1,957$1,957$0
Note rate5.540%5.540%7.400%
Blended rate5.540%6.076%7.640%
1st payment$2,369.81$2,369.81$2,804.14
2nd payment$0.00$357.81$0.00
Taxes / mo$233.17$233.17$233.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$3.42$3.42$3.42
Total monthly$2,756.40$3,114.20$3,271.72
Cash to close$58,657$22,500$45,000