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$408,366$408,366$494,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$85,734$0
Funding fee$2,042$2,042$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.934%7.640%
1st payment$2,698.93$2,698.93$3,421.05
2nd payment$0.00$643.01$0.00
Taxes / mo$83.25$83.25$83.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,948.85$3,591.85$3,769.79
Cash to close$140,634$54,900$54,900