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$483,447$483,447$615,600
Remaining term (yrs)29.129.130.0
Secondary amount$0$132,153$0
Funding fee$2,417$2,417$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.822%7.560%
1st payment$3,081.33$3,081.33$4,228.74
2nd payment$0.00$881.02$0.00
Taxes / mo$570.00$570.00$570.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.12
HOA / mo$398.00$398.00$398.00
Total monthly$4,216.00$5,097.02$5,486.53
Cash to close$200,553$68,400$68,400