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$509,875$509,875$517,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$36,375$0
Funding fee$2,549$2,549$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.858%7.640%
1st payment$3,249.78$3,249.78$3,583.07
2nd payment$0.00$359.96$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$157.00$157.00$157.00
Total monthly$4,052.61$4,412.57$4,489.40
Cash to close$65,125$28,750$57,500