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$422,056$422,056$468,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$45,944$0
Funding fee$2,110$2,110$0
Note rate5.130%5.130%7.400%
Blended rate5.130%5.510%7.640%
1st payment$2,452.23$2,452.23$3,240.34
2nd payment$0.00$344.58$0.00
Taxes / mo$193.50$193.50$193.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,812.40$3,156.97$3,694.10
Cash to close$97,944$52,000$52,000