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$413,615$413,615$489,600
Remaining term (yrs)27.527.530.0
Secondary amount$0$75,985$0
Funding fee$2,068$2,068$0
Note rate6.880%6.880%7.320%
Blended rate6.880%7.209%7.560%
1st payment$2,789.42$2,789.42$3,363.21
2nd payment$0.00$569.89$0.00
Taxes / mo$453.33$453.33$453.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.92
HOA / mo$0.00$0.00$0.00
Total monthly$3,409.42$3,979.31$4,081.13
Cash to close$130,385$54,400$54,400