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$469,949$469,949$562,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$92,551$0
Funding fee$2,350$2,350$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.204%7.640%
1st payment$3,147.52$3,147.52$3,894.64
2nd payment$0.00$694.14$0.00
Taxes / mo$202.08$202.08$202.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$2.08$2.08$2.08
Total monthly$3,518.35$4,212.49$4,377.97
Cash to close$155,051$62,500$62,500