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$497,191$497,191$593,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$96,719$0
Funding fee$2,486$2,486$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.049%7.640%
1st payment$3,236.43$3,236.43$4,112.11
2nd payment$0.00$725.39$0.00
Taxes / mo$110.12$110.12$110.12
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.78
HOA / mo$0.00$0.00$0.00
Total monthly$3,513.21$4,238.60$4,507.68
Cash to close$162,709$65,990$65,990