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$516,535$516,535$607,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$90,965$0
Funding fee$2,583$2,583$0
Note rate3.090%3.090%7.400%
Blended rate3.090%3.975%7.640%
1st payment$2,452.14$2,452.14$4,206.21
2nd payment$0.00$682.24$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$76.00$76.00$76.00
Total monthly$3,257.30$3,939.54$5,132.87
Cash to close$158,465$67,500$67,500