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$420,852$420,852$513,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$92,148$0
Funding fee$2,104$2,104$0
Note rate6.910%6.910%7.400%
Blended rate6.910%7.285%7.640%
1st payment$2,821.67$2,821.67$3,551.91
2nd payment$0.00$691.11$0.00
Taxes / mo$592.33$592.33$592.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,580.67$4,271.78$4,413.51
Cash to close$149,148$57,000$57,000