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$457,285$457,285$468,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$36,715$0
Funding fee$2,286$2,286$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.789%7.560%
1st payment$2,715.40$2,715.40$3,214.84
2nd payment$0.00$363.33$0.00
Taxes / mo$440.75$440.75$440.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$118.00$118.00$118.00
Total monthly$3,440.81$3,804.14$4,033.85
Cash to close$62,715$26,000$52,000