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$423,725$423,725$463,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,775$0
Funding fee$2,119$2,119$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.035%7.640%
1st payment$2,835.15$2,835.15$3,209.18
2nd payment$0.00$298.31$0.00
Taxes / mo$247.58$247.58$247.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$20.83$20.83$20.83
Total monthly$3,270.22$3,568.54$3,736.96
Cash to close$91,275$51,500$51,500