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$362,533$362,533$373,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,717$0
Funding fee$1,813$1,813$0
Note rate5.550%5.550%7.320%
Blended rate5.550%6.059%7.560%
1st payment$2,194.40$2,194.40$2,565.69
2nd payment$0.00$313.87$0.00
Taxes / mo$215.25$215.25$215.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$11.00$11.00$11.00
Total monthly$2,570.65$2,884.52$3,016.64
Cash to close$52,467$20,750$41,500