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$547,916$547,916$589,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$41,584$0
Funding fee$2,740$2,740$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.490%7.640%
1st payment$3,404.35$3,404.35$4,081.58
2nd payment$0.00$311.88$0.00
Taxes / mo$286.50$286.50$286.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$8.33$8.33$8.33
Total monthly$3,865.85$4,177.73$4,660.98
Cash to close$107,084$65,500$65,500