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$73,480$73,480$526,500
Remaining term (yrs)13.513.530.0
Secondary amount$0$453,020$0
Funding fee$367$367$0
Note rate5.820%5.820%7.400%
Blended rate5.820%7.481%7.640%
1st payment$650.65$650.65$3,645.38
2nd payment$0.00$2,925.75$0.00
Taxes / mo$451.50$451.50$451.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$35.00$35.00$35.00
Total monthly$1,303.81$4,229.57$4,403.85
Cash to close$511,520$58,500$58,500