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$537,573$537,573$557,999
Remaining term (yrs)29.229.230.0
Secondary amount$0$51,426$0
Funding fee$2,688$2,688$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.714%7.640%
1st payment$3,325.30$3,325.30$3,863.47
2nd payment$0.00$508.91$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$700.00$700.00$700.00
Total monthly$4,708.63$5,217.54$5,358.41
Cash to close$82,426$31,000$62,000