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$396,533$396,533$494,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$97,567$0
Funding fee$1,983$1,983$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.966%7.640%
1st payment$2,321.62$2,321.62$3,421.05
2nd payment$0.00$731.76$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$15.00$15.00$15.00
Total monthly$2,960.79$3,692.55$4,159.04
Cash to close$152,467$54,900$54,900