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$420,632$420,632$443,700
Remaining term (yrs)28.428.430.0
Secondary amount$0$47,718$0
Funding fee$2,103$2,103$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.398%7.640%
1st payment$2,809.37$2,809.37$3,072.09
2nd payment$0.00$472.21$0.00
Taxes / mo$487.58$487.58$487.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.74
HOA / mo$81.67$81.67$81.67
Total monthly$3,545.29$4,017.50$3,896.75
Cash to close$72,368$24,650$49,300