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$477,082$477,082$486,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$35,918$0
Funding fee$2,385$2,385$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.690%7.640%
1st payment$2,984.68$2,984.68$3,364.97
2nd payment$0.00$355.44$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$0.00$0.00$0.00
Total monthly$3,601.35$3,956.79$4,078.83
Cash to close$62,918$27,000$54,000