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$403,614$403,614$453,600
Remaining term (yrs)26.426.430.0
Secondary amount$0$49,986$0
Funding fee$2,018$2,018$0
Note rate6.360%6.360%7.400%
Blended rate6.360%6.651%7.640%
1st payment$2,628.59$2,628.59$3,140.63
2nd payment$0.00$374.89$0.00
Taxes / mo$856.67$856.67$856.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.72
HOA / mo$20.83$20.83$20.83
Total monthly$3,672.76$4,047.65$4,275.52
Cash to close$100,386$50,400$50,400