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$402,776$402,776$463,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$60,724$0
Funding fee$2,014$2,014$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.715%7.640%
1st payment$2,361.73$2,361.73$3,209.18
2nd payment$0.00$455.43$0.00
Taxes / mo$266.25$266.25$266.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$76.00$76.00$76.00
Total monthly$2,870.65$3,326.08$3,810.80
Cash to close$112,224$51,500$51,500