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$521,651$521,651$540,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$48,349$0
Funding fee$2,608$2,608$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.256%7.640%
1st payment$2,593.56$2,593.56$3,738.85
2nd payment$0.00$478.45$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$466.00$466.00$466.00
Total monthly$3,726.23$4,204.68$4,979.52
Cash to close$78,349$30,000$60,000