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$455,531$455,531$526,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$70,969$0
Funding fee$2,278$2,278$0
Note rate6.560%6.560%7.400%
Blended rate6.560%6.889%7.640%
1st payment$2,926.83$2,926.83$3,645.38
2nd payment$0.00$532.27$0.00
Taxes / mo$313.67$313.67$313.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,407.17$3,939.43$4,231.01
Cash to close$129,469$58,500$58,500