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$434,118$434,118$450,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$40,882$0
Funding fee$2,171$2,171$0
Note rate7.090%7.090%7.400%
Blended rate7.090%7.502%7.640%
1st payment$2,981.75$2,981.75$3,115.71
2nd payment$0.00$404.56$0.00
Taxes / mo$408.25$408.25$408.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,556.67$3,961.23$3,780.63
Cash to close$65,882$25,000$50,000