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$400,837$400,837$468,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$67,163$0
Funding fee$2,004$2,004$0
Note rate6.390%6.390%7.320%
Blended rate6.390%6.765%7.560%
1st payment$2,608.75$2,608.75$3,214.84
2nd payment$0.00$503.73$0.00
Taxes / mo$159.83$159.83$159.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,935.25$3,438.98$3,634.94
Cash to close$119,163$52,000$52,000