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$459,195$459,195$494,550
Remaining term (yrs)27.827.830.0
Secondary amount$0$35,355$0
Funding fee$2,296$2,296$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.041%7.640%
1st payment$3,090.57$3,090.57$3,424.16
2nd payment$0.00$265.17$0.00
Taxes / mo$428.25$428.25$428.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.91
HOA / mo$56.00$56.00$56.00
Total monthly$3,741.48$4,006.65$4,173.99
Cash to close$90,305$54,950$54,950