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$407,842$407,842$499,500
Remaining term (yrs)21.721.730.0
Secondary amount$0$91,658$0
Funding fee$2,039$2,039$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.979%7.560%
1st payment$2,630.32$2,630.32$3,431.22
2nd payment$0.00$687.43$0.00
Taxes / mo$462.50$462.50$462.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$53.33$53.33$53.33
Total monthly$3,312.82$4,000.25$4,213.62
Cash to close$147,158$55,500$55,500