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$397,800$397,800$422,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$25,110$0
Funding fee$1,989$1,989$0
Note rate7.080%7.080%7.400%
Blended rate7.080%7.194%7.640%
1st payment$2,783.34$2,783.34$2,928.14
2nd payment$0.00$188.32$0.00
Taxes / mo$168.00$168.00$168.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,118.00$3,306.33$3,347.39
Cash to close$72,100$46,990$46,990