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$460,548$460,548$463,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$28,702$0
Funding fee$2,303$2,303$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.815%7.640%
1st payment$3,002.32$3,002.32$3,209.18
2nd payment$0.00$284.03$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$581.00$581.00$581.00
Total monthly$4,179.16$4,463.19$4,478.71
Cash to close$54,452$25,750$51,500