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$476,324$476,324$481,455
Remaining term (yrs)28.528.530.0
Secondary amount$0$31,878$0
Funding fee$2,382$2,382$0
Note rate6.640%6.640%7.320%
Blended rate6.640%6.968%7.560%
1st payment$3,100.17$3,100.17$3,307.26
2nd payment$0.00$315.46$0.00
Taxes / mo$411.50$411.50$411.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.29
HOA / mo$70.00$70.00$70.00
Total monthly$3,748.34$4,063.81$4,051.72
Cash to close$58,626$26,748$53,495