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$30,586$30,586$413,100
Remaining term (yrs)4.74.730.0
Secondary amount$0$382,514$0
Funding fee$153$153$0
Note rate7.140%7.140%7.400%
Blended rate7.140%7.705%7.640%
1st payment$625.11$625.11$2,860.22
2nd payment$0.00$2,470.40$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.62
HOA / mo$444.00$444.00$444.00
Total monthly$1,618.28$4,088.68$3,936.01
Cash to close$428,414$45,900$45,900