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$430,582$430,582$436,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$30,168$0
Funding fee$2,153$2,153$0
Note rate5.250%5.250%7.400%
Blended rate5.250%5.684%7.640%
1st payment$2,540.14$2,540.14$3,022.24
2nd payment$0.00$298.54$0.00
Taxes / mo$159.17$159.17$159.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$60.00$60.00$60.00
Total monthly$2,925.97$3,224.51$3,495.37
Cash to close$54,418$24,250$48,500