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$450,744$450,744$593,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$142,356$0
Funding fee$2,254$2,254$0
Note rate3.375%3.375%7.400%
Blended rate3.375%4.485%7.640%
1st payment$2,198.64$2,198.64$4,106.50
2nd payment$0.00$949.04$0.00
Taxes / mo$216.17$216.17$216.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,581.48$3,530.52$4,607.96
Cash to close$208,256$65,900$65,900