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$423,561$423,561$440,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$40,989$0
Funding fee$2,118$2,118$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.847%7.640%
1st payment$2,010.71$2,010.71$3,047.16
2nd payment$0.00$405.62$0.00
Taxes / mo$407.50$407.50$407.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,584.87$2,990.49$3,709.35
Cash to close$65,439$24,450$48,900