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$419,499$419,499$447,750
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,251$0
Funding fee$2,097$2,097$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.658%7.560%
1st payment$2,746.94$2,746.94$3,075.73
2nd payment$0.00$211.88$0.00
Taxes / mo$359.50$359.50$359.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.55
HOA / mo$27.00$27.00$27.00
Total monthly$3,300.10$3,511.98$3,718.45
Cash to close$78,001$49,750$49,750