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$441,397$441,397$472,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,103$0
Funding fee$2,207$2,207$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.544%7.560%
1st payment$2,613.15$2,613.15$3,245.75
2nd payment$0.00$233.27$0.00
Taxes / mo$399.75$399.75$399.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$24.33$24.33$24.33
Total monthly$3,203.90$3,437.17$3,930.99
Cash to close$83,603$52,500$52,500