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$421,866$421,866$517,410
Remaining term (yrs)28.528.530.0
Secondary amount$0$95,544$0
Funding fee$2,109$2,109$0
Note rate6.640%6.640%7.400%
Blended rate6.640%7.076%7.640%
1st payment$2,745.73$2,745.73$3,582.44
2nd payment$0.00$716.58$0.00
Taxes / mo$479.08$479.08$479.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,391.48$4,108.06$4,331.67
Cash to close$153,034$57,490$57,490