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$453,854$453,854$463,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,396$0
Funding fee$2,269$2,269$0
Note rate6.650%6.650%7.320%
Blended rate6.650%7.028%7.560%
1st payment$2,956.89$2,956.89$3,183.92
2nd payment$0.00$350.28$0.00
Taxes / mo$128.42$128.42$128.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,251.97$3,602.25$3,571.71
Cash to close$61,146$25,750$51,500