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$486,357$486,357$584,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$98,553$0
Funding fee$2,432$2,432$0
Note rate6.580%6.580%7.400%
Blended rate6.580%6.988%7.640%
1st payment$3,131.25$3,131.25$4,049.80
2nd payment$0.00$739.15$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,839.50$4,578.65$4,875.03
Cash to close$163,543$64,990$64,990