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$514,556$514,556$512,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,994$0
Funding fee$2,573$2,573$0
Note rate5.230%5.230%7.400%
Blended rate5.230%5.550%7.640%
1st payment$3,024.80$3,024.80$3,545.68
2nd payment$0.00$257.23$0.00
Taxes / mo$474.17$474.17$474.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,665.63$3,922.87$4,288.93
Cash to close$54,444$28,450$56,900