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$470,930$470,930$495,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$51,570$0
Funding fee$2,355$2,355$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.445%7.640%
1st payment$3,170.01$3,170.01$3,427.28
2nd payment$0.00$510.33$0.00
Taxes / mo$165.17$165.17$165.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$405.00$405.00$405.00
Total monthly$3,906.84$4,417.17$4,263.11
Cash to close$79,070$27,500$55,000