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$397,855$397,855$472,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$74,645$0
Funding fee$1,989$1,989$0
Note rate7.290%7.290%7.400%
Blended rate7.290%7.560%7.640%
1st payment$2,801.19$2,801.19$3,271.49
2nd payment$0.00$559.84$0.00
Taxes / mo$68.00$68.00$68.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,035.86$3,595.70$3,600.66
Cash to close$127,145$52,500$52,500