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$401,448$401,448$530,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$129,462$0
Funding fee$2,007$2,007$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.958%7.640%
1st payment$2,373.09$2,373.09$3,675.91
2nd payment$0.00$863.08$0.00
Taxes / mo$625.25$625.25$625.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,165.01$4,028.09$4,574.01
Cash to close$188,452$58,990$58,990