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$473,213$473,213$602,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$128,887$0
Funding fee$2,366$2,366$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.642%7.640%
1st payment$2,721.69$2,721.69$4,168.82
2nd payment$0.00$859.24$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,445.85$4,305.10$5,013.41
Cash to close$195,787$66,900$66,900