Dan Frey Home Loans
Call Dan

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$394,306$394,306$450,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$55,694$0
Funding fee$1,972$1,972$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.564%7.640%
1st payment$2,436.66$2,436.66$3,115.71
2nd payment$0.00$417.70$0.00
Taxes / mo$578.50$578.50$578.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$86.00$86.00$86.00
Total monthly$3,267.82$3,685.53$4,036.88
Cash to close$105,694$50,000$50,000