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$412,825$412,825$476,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$64,085$0
Funding fee$2,064$2,064$0
Note rate6.730%6.730%7.400%
Blended rate6.730%7.035%7.640%
1st payment$2,782.61$2,782.61$3,302.03
2nd payment$0.00$480.64$0.00
Taxes / mo$373.25$373.25$373.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$13.33$13.33$13.33
Total monthly$3,335.86$3,816.50$3,950.66
Cash to close$117,075$52,990$52,990