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$452,615$452,615$540,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$87,385$0
Funding fee$2,263$2,263$0
Note rate6.960%6.960%7.320%
Blended rate6.960%7.290%7.560%
1st payment$3,043.90$3,043.90$3,709.43
2nd payment$0.00$655.39$0.00
Taxes / mo$363.08$363.08$363.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$91.33$91.33$91.33
Total monthly$3,664.98$4,320.37$4,438.51
Cash to close$147,385$60,000$60,000