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$390,667$390,667$420,300
Remaining term (yrs)27.927.930.0
Secondary amount$0$29,633$0
Funding fee$1,953$1,953$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.397%7.640%
1st payment$2,449.88$2,449.88$2,910.07
2nd payment$0.00$222.25$0.00
Taxes / mo$94.17$94.17$94.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.06
HOA / mo$66.67$66.67$66.67
Total monthly$2,777.38$2,999.63$3,321.64
Cash to close$76,333$46,700$46,700