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$399,863$399,863$526,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$126,637$0
Funding fee$1,999$1,999$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.096%7.640%
1st payment$2,639.69$2,639.69$3,645.38
2nd payment$0.00$844.25$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$132.00$132.00$132.00
Total monthly$3,425.85$4,270.10$4,536.85
Cash to close$185,137$58,500$58,500