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$454,321$454,321$462,600
Remaining term (yrs)28.828.830.0
Secondary amount$0$33,979$0
Funding fee$2,272$2,272$0
Note rate6.720%6.720%7.400%
Blended rate6.720%7.079%7.640%
1st payment$2,972.28$2,972.28$3,202.95
2nd payment$0.00$336.25$0.00
Taxes / mo$91.69$91.69$91.69
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.52
HOA / mo$32.50$32.50$32.50
Total monthly$3,263.13$3,599.38$3,586.32
Cash to close$59,679$25,700$51,400