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$404,497$404,497$832,410
Remaining term (yrs)28.028.030.0
Secondary amount$0$427,913$0
Funding fee$2,022$2,022$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.143%7.640%
1st payment$2,611.71$2,611.71$5,763.44
2nd payment$0.00$2,763.60$0.00
Taxes / mo$299.67$299.67$299.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,128.04$5,891.64$6,446.25
Cash to close$520,403$92,490$92,490