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$421,191$421,191$446,400
Remaining term (yrs)26.026.030.0
Secondary amount$0$25,209$0
Funding fee$2,106$2,106$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.641%7.560%
1st payment$2,793.74$2,793.74$3,066.46
2nd payment$0.00$189.07$0.00
Taxes / mo$469.75$469.75$469.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,430.16$3,619.23$3,792.15
Cash to close$74,809$49,600$49,600