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$515,106$515,106$598,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$83,394$0
Funding fee$2,576$2,576$0
Note rate4.250%4.250%7.400%
Blended rate4.250%4.912%7.640%
1st payment$2,754.86$2,754.86$4,143.89
2nd payment$0.00$625.45$0.00
Taxes / mo$222.00$222.00$222.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,143.53$3,768.98$4,652.26
Cash to close$149,894$66,500$66,500