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$407,116$407,116$435,600
Remaining term (yrs)25.825.830.0
Secondary amount$0$28,484$0
Funding fee$2,036$2,036$0
Note rate5.520%5.520%7.320%
Blended rate5.520%5.748%7.560%
1st payment$2,463.96$2,463.96$2,992.27
2nd payment$0.00$213.63$0.00
Taxes / mo$403.33$403.33$403.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.12
HOA / mo$27.00$27.00$27.00
Total monthly$3,060.96$3,274.60$3,676.39
Cash to close$76,884$48,400$48,400