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$387,814$387,814$895,950
Remaining term (yrs)28.928.930.0
Secondary amount$0$508,136$0
Funding fee$1,939$1,939$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.313%7.640%
1st payment$2,539.90$2,539.90$6,203.38
2nd payment$0.00$3,281.71$0.00
Taxes / mo$44.17$44.17$44.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.19
HOA / mo$20.00$20.00$20.00
Total monthly$2,820.73$6,102.44$6,663.40
Cash to close$607,686$99,550$99,550