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$426,425$426,425$450,000
Remaining term (yrs)29.229.230.0
Secondary amount$0$48,575$0
Funding fee$2,132$2,132$0
Note rate6.500%6.500%7.240%
Blended rate6.500%7.050%7.480%
1st payment$2,717.89$2,717.89$3,066.74
2nd payment$0.00$480.69$0.00
Taxes / mo$18.29$18.29$18.29
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,902.84$3,383.54$3,341.69
Cash to close$73,575$25,000$50,000