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$420,658$420,658$696,600
Remaining term (yrs)26.926.930.0
Secondary amount$0$275,942$0
Funding fee$2,103$2,103$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.273%7.640%
1st payment$2,882.39$2,882.39$4,823.12
2nd payment$0.00$1,782.12$0.00
Taxes / mo$645.00$645.00$645.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.32
HOA / mo$295.00$295.00$295.00
Total monthly$4,039.06$5,821.18$6,119.10
Cash to close$353,342$77,400$77,400