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$451,425$451,425$472,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$47,325$0
Funding fee$2,257$2,257$0
Note rate5.890%5.890%7.400%
Blended rate5.890%6.458%7.640%
1st payment$2,826.15$2,826.15$3,271.49
2nd payment$0.00$468.32$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$100.00$100.00$100.00
Total monthly$3,530.32$3,998.63$4,070.16
Cash to close$73,575$26,250$52,500