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$515,679$515,679$539,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$53,371$0
Funding fee$2,578$2,578$0
Note rate6.950%6.950%7.320%
Blended rate6.950%7.412%7.560%
1st payment$3,491.03$3,491.03$3,703.24
2nd payment$0.00$528.15$0.00
Taxes / mo$278.17$278.17$278.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$60.00$60.00$60.00
Total monthly$3,995.86$4,524.01$4,315.90
Cash to close$83,321$29,950$59,900