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$457,389$457,389$477,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$46,111$0
Funding fee$2,287$2,287$0
Note rate5.810%5.810%7.400%
Blended rate5.810%6.365%7.640%
1st payment$2,848.84$2,848.84$3,302.65
2nd payment$0.00$456.31$0.00
Taxes / mo$491.75$491.75$491.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,507.25$3,963.56$4,056.47
Cash to close$72,611$26,500$53,000