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$465,253$465,253$486,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$47,747$0
Funding fee$2,326$2,326$0
Note rate6.540%6.540%7.320%
Blended rate6.540%7.037%7.560%
1st payment$3,012.93$3,012.93$3,338.48
2nd payment$0.00$472.49$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$60.00$60.00$60.00
Total monthly$3,689.59$4,162.08$4,112.35
Cash to close$74,747$27,000$54,000