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$420,267$420,267$436,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,483$0
Funding fee$2,101$2,101$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.091%7.640%
1st payment$2,722.09$2,722.09$3,022.24
2nd payment$0.00$400.62$0.00
Taxes / mo$153.75$153.75$153.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,042.50$3,443.12$3,429.95
Cash to close$64,733$24,250$48,500