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$460,922$460,922$607,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$146,578$0
Funding fee$2,305$2,305$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.649%7.640%
1st payment$2,854.02$2,854.02$4,206.21
2nd payment$0.00$977.18$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$27.00$27.00$27.00
Total monthly$3,610.18$4,587.37$5,083.87
Cash to close$214,078$67,500$67,500