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$595,010$595,010$598,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$36,740$0
Funding fee$2,975$2,975$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.034%7.640%
1st payment$2,958.29$2,958.29$4,143.89
2nd payment$0.00$363.58$0.00
Taxes / mo$192.17$192.17$192.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$252.00$252.00$252.00
Total monthly$3,569.12$3,932.70$4,874.43
Cash to close$69,990$33,250$66,500