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$444,016$444,016$607,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$163,484$0
Funding fee$2,220$2,220$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.108%7.640%
1st payment$2,990.62$2,990.62$4,206.21
2nd payment$0.00$1,089.89$0.00
Taxes / mo$607.67$607.67$607.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$425.00$425.00$425.00
Total monthly$4,189.95$5,279.84$5,527.04
Cash to close$230,984$67,500$67,500