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$475,095$475,095$521,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$46,005$0
Funding fee$2,375$2,375$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.721%7.640%
1st payment$3,033.93$3,033.93$3,607.99
2nd payment$0.00$345.03$0.00
Taxes / mo$72.73$72.73$72.73
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,273.33$3,618.36$3,951.61
Cash to close$103,905$57,900$57,900