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$506,741$506,741$615,600
Remaining term (yrs)26.426.430.0
Secondary amount$0$108,859$0
Funding fee$2,534$2,534$0
Note rate6.260%6.260%7.400%
Blended rate6.260%6.568%7.640%
1st payment$3,264.30$3,264.30$4,262.29
2nd payment$0.00$725.72$0.00
Taxes / mo$196.25$196.25$196.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.12
HOA / mo$41.67$41.67$41.67
Total monthly$3,668.89$4,394.62$4,790.00
Cash to close$177,259$68,400$68,400