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$406,857$406,857$472,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$65,643$0
Funding fee$2,034$2,034$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.556%7.640%
1st payment$2,307.80$2,307.80$3,271.49
2nd payment$0.00$492.32$0.00
Taxes / mo$390.17$390.17$390.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$13.33$13.33$13.33
Total monthly$2,877.96$3,370.28$3,936.16
Cash to close$118,143$52,500$52,500