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$405,754$405,754$592,200
Remaining term (yrs)26.326.330.0
Secondary amount$0$186,446$0
Funding fee$2,029$2,029$0
Note rate6.270%6.270%7.320%
Blended rate6.270%6.815%7.560%
1st payment$2,619.52$2,619.52$4,068.00
2nd payment$0.00$1,242.97$0.00
Taxes / mo$145.42$145.42$145.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.44
HOA / mo$24.00$24.00$24.00
Total monthly$2,955.60$4,198.58$4,522.53
Cash to close$252,246$65,800$65,800