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$505,399$505,399$503,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$25,651$0
Funding fee$2,527$2,527$0
Note rate6.440%6.440%7.400%
Blended rate6.440%6.703%7.640%
1st payment$3,240.24$3,240.24$3,483.36
2nd payment$0.00$253.84$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$405.00$405.00$405.00
Total monthly$4,277.74$4,531.58$4,621.48
Cash to close$53,601$27,950$55,900