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$403,449$403,449$499,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$96,051$0
Funding fee$2,017$2,017$0
Note rate5.100%5.100%7.400%
Blended rate5.100%5.850%7.640%
1st payment$2,344.20$2,344.20$3,458.44
2nd payment$0.00$720.38$0.00
Taxes / mo$173.42$173.42$173.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,684.29$3,404.66$3,898.42
Cash to close$151,551$55,500$55,500