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$446,484$446,484$449,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,421$0
Funding fee$2,232$2,232$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.047%7.640%
1st payment$2,976.57$2,976.57$3,115.09
2nd payment$0.00$281.25$0.00
Taxes / mo$692.50$692.50$692.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$7.50$7.50$7.50
Total monthly$3,843.23$4,124.49$4,071.73
Cash to close$53,416$24,995$49,990