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$428,998$428,998$436,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$31,752$0
Funding fee$2,145$2,145$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.031%7.640%
1st payment$2,109.81$2,109.81$3,022.24
2nd payment$0.00$314.21$0.00
Taxes / mo$231.42$231.42$231.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$480.00$480.00$480.00
Total monthly$2,987.89$3,302.10$3,987.62
Cash to close$56,002$24,250$48,500