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$425,348$425,348$481,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$56,152$0
Funding fee$2,127$2,127$0
Note rate6.130%6.130%7.400%
Blended rate6.130%6.465%7.640%
1st payment$2,705.31$2,705.31$3,333.81
2nd payment$0.00$421.14$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$270.00$270.00$270.00
Total monthly$3,587.81$4,008.95$4,312.61
Cash to close$109,652$53,500$53,500