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$443,320$443,320$462,600
Remaining term (yrs)26.626.630.0
Secondary amount$0$44,980$0
Funding fee$2,217$2,217$0
Note rate5.500%5.500%7.320%
Blended rate5.500%6.087%7.560%
1st payment$2,640.22$2,640.22$3,177.74
2nd payment$0.00$445.12$0.00
Taxes / mo$185.08$185.08$185.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.52
HOA / mo$0.00$0.00$0.00
Total monthly$2,991.97$3,437.09$3,622.01
Cash to close$70,680$25,700$51,400