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$390,639$390,639$463,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$72,861$0
Funding fee$1,953$1,953$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.800%7.640%
1st payment$2,539.40$2,539.40$3,209.18
2nd payment$0.00$546.46$0.00
Taxes / mo$174.67$174.67$174.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$153.00$153.00$153.00
Total monthly$3,033.73$3,580.19$3,796.21
Cash to close$124,361$51,500$51,500