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$476,209$476,209$692,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$216,701$0
Funding fee$2,381$2,381$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.891%7.640%
1st payment$3,041.04$3,041.04$4,797.57
2nd payment$0.00$1,399.53$0.00
Taxes / mo$268.67$268.67$268.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,526.37$4,925.90$5,421.48
Cash to close$293,691$76,990$76,990