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$487,685$487,685$553,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$65,815$0
Funding fee$2,438$2,438$0
Note rate5.550%5.550%7.400%
Blended rate5.550%5.960%7.640%
1st payment$2,951.95$2,951.95$3,832.32
2nd payment$0.00$493.61$0.00
Taxes / mo$400.80$400.80$400.80
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,519.41$4,013.03$4,510.49
Cash to close$127,315$61,500$61,500