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$453,946$453,946$485,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$31,964$0
Funding fee$2,270$2,270$0
Note rate6.860%6.860%7.320%
Blended rate6.860%7.001%7.560%
1st payment$3,014.46$3,014.46$3,337.86
2nd payment$0.00$239.73$0.00
Taxes / mo$98.83$98.83$98.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$82.33$82.33$82.33
Total monthly$3,362.29$3,602.03$3,782.88
Cash to close$85,954$53,990$53,990