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$408,331$408,331$494,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,769$0
Funding fee$2,042$2,042$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.413%7.640%
1st payment$2,008.16$2,008.16$3,421.05
2nd payment$0.00$643.27$0.00
Taxes / mo$209.58$209.58$209.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$62.00$62.00$62.00
Total monthly$2,446.41$3,089.68$3,958.12
Cash to close$140,669$54,900$54,900