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$374,434$374,434$382,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,316$0
Funding fee$1,872$1,872$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.788%7.640%
1st payment$2,436.92$2,436.92$2,648.35
2nd payment$0.00$290.10$0.00
Taxes / mo$111.92$111.92$111.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,698.84$2,988.94$2,986.77
Cash to close$50,566$21,250$42,500