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$362,276$362,276$521,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$159,634$0
Funding fee$1,811$1,811$0
Note rate5.520%5.520%7.320%
Blended rate5.520%6.279%7.560%
1st payment$2,192.58$2,192.58$3,585.16
2nd payment$0.00$1,064.23$0.00
Taxes / mo$495.75$495.75$495.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.38
HOA / mo$121.00$121.00$121.00
Total monthly$2,976.00$4,040.23$4,472.96
Cash to close$217,624$57,990$57,990