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$481,894$481,894$540,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$58,106$0
Funding fee$2,409$2,409$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.635%7.640%
1st payment$3,068.16$3,068.16$3,738.85
2nd payment$0.00$435.79$0.00
Taxes / mo$245.42$245.42$245.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$135.00$135.00$135.00
Total monthly$3,615.25$4,051.04$4,393.93
Cash to close$118,106$60,000$60,000