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$562,835$562,835$629,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$66,265$0
Funding fee$2,814$2,814$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.690%7.560%
1st payment$3,322.17$3,322.17$4,321.48
2nd payment$0.00$496.99$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,071.33$4,568.32$5,196.47
Cash to close$136,165$69,900$69,900