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$443,343$443,343$486,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$42,657$0
Funding fee$2,217$2,217$0
Note rate6.710%6.710%7.400%
Blended rate6.710%6.911%7.640%
1st payment$2,966.06$2,966.06$3,364.97
2nd payment$0.00$319.93$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$280.00$280.00$280.00
Total monthly$3,862.73$4,182.66$4,358.83
Cash to close$96,657$54,000$54,000