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$406,260$406,260$445,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$39,240$0
Funding fee$2,031$2,031$0
Note rate6.960%6.960%7.320%
Blended rate6.960%7.140%7.560%
1st payment$2,729.65$2,729.65$3,060.28
2nd payment$0.00$294.30$0.00
Taxes / mo$452.25$452.25$452.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,348.57$3,642.87$3,768.29
Cash to close$88,740$49,500$49,500