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$430,862$430,862$441,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$34,638$0
Funding fee$2,154$2,154$0
Note rate3.220%3.220%7.320%
Blended rate3.220%3.864%7.560%
1st payment$2,066.14$2,066.14$3,029.36
2nd payment$0.00$342.78$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$454.00$454.00$454.00
Total monthly$3,095.14$3,437.91$4,146.56
Cash to close$59,138$24,500$49,000