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$426,831$426,831$450,000
Remaining term (yrs)29.229.230.0
Secondary amount$0$48,169$0
Funding fee$2,134$2,134$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.045%7.640%
1st payment$2,717.89$2,717.89$3,115.71
2nd payment$0.00$476.68$0.00
Taxes / mo$18.29$18.29$18.29
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,902.84$3,379.52$3,390.66
Cash to close$73,169$25,000$50,000