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$504,289$504,289$598,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$94,211$0
Funding fee$2,521$2,521$0
Note rate6.570%6.570%7.320%
Blended rate6.570%6.953%7.560%
1st payment$3,335.99$3,335.99$4,111.28
2nd payment$0.00$706.58$0.00
Taxes / mo$256.17$256.17$256.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$105.00$105.00$105.00
Total monthly$3,863.83$4,570.41$4,758.81
Cash to close$160,711$66,500$66,500