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$441,794$441,794$607,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$165,706$0
Funding fee$2,209$2,209$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.706%7.640%
1st payment$2,722.06$2,722.06$4,206.21
2nd payment$0.00$1,104.71$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,451.22$4,555.93$5,056.87
Cash to close$233,206$67,500$67,500