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$512,860$512,860$553,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$40,640$0
Funding fee$2,564$2,564$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.101%7.640%
1st payment$3,496.30$3,496.30$3,832.32
2nd payment$0.00$304.80$0.00
Taxes / mo$461.08$461.08$461.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$200.00$200.00$200.00
Total monthly$4,324.05$4,628.85$4,770.77
Cash to close$102,140$61,500$61,500