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$391,023$391,023$840,600
Remaining term (yrs)27.627.630.0
Secondary amount$0$449,577$0
Funding fee$1,955$1,955$0
Note rate7.220%7.220%7.320%
Blended rate7.220%7.503%7.560%
1st payment$2,721.93$2,721.93$5,774.34
2nd payment$0.00$2,903.52$0.00
Taxes / mo$1,297.58$1,297.58$1,297.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$168.12
HOA / mo$178.67$178.67$178.67
Total monthly$4,414.85$7,318.37$7,635.38
Cash to close$542,977$93,400$93,400