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$360,332$360,332$449,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$89,578$0
Funding fee$1,802$1,802$0
Note rate4.750%4.750%7.400%
Blended rate4.750%5.596%7.640%
1st payment$2,010.01$2,010.01$3,115.09
2nd payment$0.00$671.84$0.00
Taxes / mo$199.00$199.00$199.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$38.00$38.00$38.00
Total monthly$2,413.68$3,085.51$3,608.73
Cash to close$139,568$49,990$49,990