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$401,538$401,538$405,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$25,962$0
Funding fee$2,008$2,008$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.089%7.640%
1st payment$2,707.44$2,707.44$2,804.14
2nd payment$0.00$256.92$0.00
Taxes / mo$246.67$246.67$246.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,104.11$3,361.03$3,281.80
Cash to close$48,462$22,500$45,000