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$376,555$376,555$490,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$113,945$0
Funding fee$1,883$1,883$0
Note rate6.670%6.670%7.400%
Blended rate6.670%6.979%7.640%
1st payment$2,495.96$2,495.96$3,396.12
2nd payment$0.00$759.64$0.00
Taxes / mo$223.00$223.00$223.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,885.63$3,645.26$3,883.89
Cash to close$168,445$54,500$54,500