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$538,436$538,436$598,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$60,064$0
Funding fee$2,692$2,692$0
Note rate6.430%6.430%7.400%
Blended rate6.430%6.688%7.640%
1st payment$3,513.84$3,513.84$4,143.89
2nd payment$0.00$450.48$0.00
Taxes / mo$12.01$12.01$12.01
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,692.52$4,143.00$4,442.27
Cash to close$126,564$66,500$66,500