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$394,157$394,157$414,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$42,843$0
Funding fee$1,971$1,971$0
Note rate6.890%6.890%7.320%
Blended rate6.890%7.379%7.560%
1st payment$2,635.02$2,635.02$2,843.89
2nd payment$0.00$423.96$0.00
Taxes / mo$127.75$127.75$127.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,929.43$3,353.39$3,221.11
Cash to close$65,843$23,000$46,000