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$475,892$475,892$747,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$271,108$0
Funding fee$2,379$2,379$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.247%7.640%
1st payment$3,200.45$3,200.45$5,172.08
2nd payment$0.00$1,750.91$0.00
Taxes / mo$691.67$691.67$691.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$149.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,108.78$5,859.68$6,229.81
Cash to close$354,108$83,000$83,000