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$453,183$453,183$481,410
Remaining term (yrs)27.527.530.0
Secondary amount$0$28,227$0
Funding fee$2,266$2,266$0
Note rate6.880%6.880%7.320%
Blended rate6.880%7.004%7.560%
1st payment$3,056.27$3,056.27$3,306.95
2nd payment$0.00$211.70$0.00
Taxes / mo$225.75$225.75$225.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.28
HOA / mo$60.83$60.83$60.83
Total monthly$3,509.52$3,721.22$3,856.48
Cash to close$81,717$53,490$53,490