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$422,080$422,080$492,300
Remaining term (yrs)26.426.430.0
Secondary amount$0$70,220$0
Funding fee$2,110$2,110$0
Note rate6.650%6.650%7.320%
Blended rate6.650%6.985%7.560%
1st payment$2,823.36$2,823.36$3,381.76
2nd payment$0.00$526.65$0.00
Taxes / mo$298.25$298.25$298.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.46
HOA / mo$0.00$0.00$0.00
Total monthly$3,288.28$3,814.93$3,945.14
Cash to close$124,920$54,700$54,700