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$440,479$440,479$450,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$34,521$0
Funding fee$2,202$2,202$0
Note rate5.100%5.100%7.320%
Blended rate5.100%5.592%7.560%
1st payment$2,559.36$2,559.36$3,091.19
2nd payment$0.00$341.62$0.00
Taxes / mo$226.50$226.50$226.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$62.00$62.00$62.00
Total monthly$3,014.52$3,356.14$3,636.35
Cash to close$59,521$25,000$50,000