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$506,464$506,464$585,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$78,536$0
Funding fee$2,532$2,532$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.754%7.640%
1st payment$2,396.79$2,396.79$4,050.42
2nd payment$0.00$589.02$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,105.12$3,694.14$4,875.76
Cash to close$143,536$65,000$65,000