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$460,590$460,590$484,650
Remaining term (yrs)27.427.430.0
Secondary amount$0$50,985$0
Funding fee$2,303$2,303$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.324%7.640%
1st payment$3,094.54$3,094.54$3,355.62
2nd payment$0.00$504.54$0.00
Taxes / mo$163.67$163.67$163.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.93
HOA / mo$20.42$20.42$20.42
Total monthly$3,445.29$3,949.83$3,803.30
Cash to close$77,910$26,925$53,850