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$400,002$400,002$449,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$49,098$0
Funding fee$2,000$2,000$0
Note rate6.470%6.470%7.400%
Blended rate6.470%6.747%7.640%
1st payment$2,583.08$2,583.08$3,109.48
2nd payment$0.00$368.23$0.00
Taxes / mo$750.35$750.35$750.35
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,500.10$3,868.33$4,116.31
Cash to close$98,998$49,900$49,900