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$424,231$424,231$441,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$41,269$0
Funding fee$2,121$2,121$0
Note rate5.220%5.220%7.320%
Blended rate5.220%5.810%7.560%
1st payment$2,483.79$2,483.79$3,029.36
2nd payment$0.00$408.39$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$276.00$276.00$276.00
Total monthly$3,372.29$3,780.68$4,006.06
Cash to close$65,769$24,500$49,000