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$470,202$470,202$485,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$41,848$0
Funding fee$2,351$2,351$0
Note rate6.560%6.560%7.400%
Blended rate6.560%6.994%7.640%
1st payment$3,021.09$3,021.09$3,358.73
2nd payment$0.00$414.12$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$366.00$366.00$366.00
Total monthly$3,596.51$4,010.63$4,031.17
Cash to close$68,798$26,950$53,900