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$456,707$456,707$517,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$60,793$0
Funding fee$2,284$2,284$0
Note rate6.580%6.580%7.320%
Blended rate6.580%6.864%7.560%
1st payment$2,940.36$2,940.36$3,554.87
2nd payment$0.00$455.95$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,586.19$4,042.14$4,304.20
Cash to close$118,293$57,500$57,500