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$457,334$457,334$472,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$41,416$0
Funding fee$2,287$2,287$0
Note rate6.570%6.570%7.400%
Blended rate6.570%7.011%7.640%
1st payment$3,025.37$3,025.37$3,271.49
2nd payment$0.00$409.85$0.00
Taxes / mo$183.38$183.38$183.38
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,375.42$3,785.27$3,716.04
Cash to close$67,666$26,250$52,500