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$505,027$505,027$562,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$57,473$0
Funding fee$2,525$2,525$0
Note rate6.770%6.770%7.400%
Blended rate6.770%6.998%7.640%
1st payment$3,320.61$3,320.61$3,894.64
2nd payment$0.00$431.05$0.00
Taxes / mo$258.00$258.00$258.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$200.00$200.00$200.00
Total monthly$3,945.28$4,376.33$4,631.80
Cash to close$119,973$62,500$62,500