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$417,860$417,860$485,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$68,050$0
Funding fee$2,089$2,089$0
Note rate5.100%5.100%7.400%
Blended rate5.100%5.646%7.640%
1st payment$2,427.93$2,427.93$3,364.34
2nd payment$0.00$510.38$0.00
Taxes / mo$449.92$449.92$449.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$261.00$261.00$261.00
Total monthly$3,305.51$3,815.89$4,339.11
Cash to close$122,040$53,990$53,990