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$419,572$419,572$432,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,428$0
Funding fee$2,098$2,098$0
Note rate5.540%5.540%7.400%
Blended rate5.540%6.046%7.640%
1st payment$2,540.75$2,540.75$2,991.08
2nd payment$0.00$360.49$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$120.00$120.00$120.00
Total monthly$3,227.42$3,587.91$3,764.15
Cash to close$60,428$24,000$48,000