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$465,368$465,368$540,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$74,632$0
Funding fee$2,327$2,327$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.846%7.640%
1st payment$3,007.85$3,007.85$3,738.85
2nd payment$0.00$559.74$0.00
Taxes / mo$193.83$193.83$193.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$60.00$60.00$60.00
Total monthly$3,428.35$3,988.09$4,267.35
Cash to close$134,632$60,000$60,000