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$540,795$540,795$621,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$80,205$0
Funding fee$2,704$2,704$0
Note rate3.000%3.000%7.400%
Blended rate3.000%3.775%7.640%
1st payment$2,587.81$2,587.81$4,299.68
2nd payment$0.00$601.54$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,329.47$3,931.01$5,165.55
Cash to close$149,205$69,000$69,000