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$480,941$480,941$508,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,559$0
Funding fee$2,405$2,405$0
Note rate6.640%6.640%7.400%
Blended rate6.640%6.768%7.640%
1st payment$3,175.17$3,175.17$3,520.75
2nd payment$0.00$206.69$0.00
Taxes / mo$165.00$165.00$165.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$7.42$7.42$7.42
Total monthly$3,514.26$3,720.95$3,961.54
Cash to close$84,059$56,500$56,500