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$460,630$460,630$472,478
Remaining term (yrs)28.628.630.0
Secondary amount$0$38,097$0
Funding fee$2,303$2,303$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.068%7.640%
1st payment$3,004.16$3,004.16$3,271.34
2nd payment$0.00$377.00$0.00
Taxes / mo$387.58$387.58$387.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,558.41$3,935.41$3,920.08
Cash to close$64,345$26,249$52,498