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$524,368$524,368$603,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$78,632$0
Funding fee$2,622$2,622$0
Note rate3.120%3.120%7.400%
Blended rate3.120%3.887%7.640%
1st payment$2,492.20$2,492.20$4,175.05
2nd payment$0.00$589.74$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$190.00$190.00$190.00
Total monthly$3,407.20$3,996.94$5,210.65
Cash to close$145,632$67,000$67,000