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$462,396$462,396$562,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$100,104$0
Funding fee$2,312$2,312$0
Note rate5.230%5.230%7.320%
Blended rate5.230%5.723%7.560%
1st payment$2,722.32$2,722.32$3,863.98
2nd payment$0.00$667.36$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,066.07$3,733.43$4,320.23
Cash to close$162,604$62,500$62,500