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$412,364$412,364$436,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$48,386$0
Funding fee$2,062$2,062$0
Note rate5.250%5.250%7.400%
Blended rate5.250%5.946%7.640%
1st payment$2,360.62$2,360.62$3,022.24
2nd payment$0.00$478.82$0.00
Taxes / mo$508.58$508.58$508.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$28.00$28.00$28.00
Total monthly$3,063.87$3,542.69$3,812.79
Cash to close$72,636$24,250$48,500