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$538,237$538,237$603,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$64,763$0
Funding fee$2,691$2,691$0
Note rate6.540%6.540%7.400%
Blended rate6.540%6.804%7.640%
1st payment$3,554.33$3,554.33$4,175.05
2nd payment$0.00$485.72$0.00
Taxes / mo$193.22$193.22$193.22
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$16.67$16.67$16.67
Total monthly$3,930.89$4,416.60$4,672.21
Cash to close$131,763$67,000$67,000