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$494,261$494,261$504,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$37,739$0
Funding fee$2,471$2,471$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.290%7.640%
1st payment$3,346.07$3,346.07$3,489.59
2nd payment$0.00$373.46$0.00
Taxes / mo$344.41$344.41$344.41
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$70.00$70.00$70.00
Total monthly$3,927.14$4,300.60$4,171.47
Cash to close$65,739$28,000$56,000