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$460,408$460,408$472,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$38,342$0
Funding fee$2,302$2,302$0
Note rate6.630%6.630%7.320%
Blended rate6.630%7.033%7.560%
1st payment$3,036.64$3,036.64$3,245.75
2nd payment$0.00$379.42$0.00
Taxes / mo$152.58$152.58$152.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,355.89$3,735.31$3,659.50
Cash to close$64,592$26,250$52,500