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$550,707$550,707$666,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$115,293$0
Funding fee$2,754$2,754$0
Note rate4.670%4.670%7.400%
Blended rate4.670%5.246%7.640%
1st payment$3,071.80$3,071.80$4,611.25
2nd payment$0.00$768.62$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.20
HOA / mo$83.00$83.00$83.00
Total monthly$3,717.30$4,485.92$5,389.95
Cash to close$189,293$74,000$74,000