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$385,883$385,883$575,820
Remaining term (yrs)28.828.830.0
Secondary amount$0$189,937$0
Funding fee$1,929$1,929$0
Note rate6.670%6.670%7.240%
Blended rate6.670%7.109%7.480%
1st payment$2,511.88$2,511.88$3,924.20
2nd payment$0.00$1,266.24$0.00
Taxes / mo$533.17$533.17$533.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.16
HOA / mo$50.00$50.00$50.00
Total monthly$3,261.71$4,527.95$4,789.20
Cash to close$253,917$63,980$63,980