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$431,620$431,620$472,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,880$0
Funding fee$2,158$2,158$0
Note rate4.000%4.000%7.400%
Blended rate4.000%4.433%7.640%
1st payment$2,243.85$2,243.85$3,271.49
2nd payment$0.00$306.60$0.00
Taxes / mo$456.33$456.33$456.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$9.17$9.17$9.17
Total monthly$2,876.02$3,182.62$3,998.16
Cash to close$93,380$52,500$52,500