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$470,524$470,524$629,910
Remaining term (yrs)21.221.230.0
Secondary amount$0$159,386$0
Funding fee$2,353$2,353$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.708%7.640%
1st payment$3,337.58$3,337.58$4,361.37
2nd payment$0.00$1,062.57$0.00
Taxes / mo$289.58$289.58$289.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,793.83$4,856.40$4,943.60
Cash to close$229,376$69,990$69,990