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$551,871$551,871$575,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$56,034$0
Funding fee$2,759$2,759$0
Note rate6.840%6.840%7.320%
Blended rate6.840%7.304%7.560%
1st payment$3,685.35$3,685.35$3,956.10
2nd payment$0.00$554.50$0.00
Taxes / mo$421.67$421.67$421.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$115.00$115.00$115.00
Total monthly$4,388.69$4,943.19$4,774.62
Cash to close$88,029$31,995$63,990