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$540,963$540,963$607,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$66,537$0
Funding fee$2,705$2,705$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.550%7.640%
1st payment$2,525.93$2,525.93$4,206.21
2nd payment$0.00$499.03$0.00
Taxes / mo$561.92$561.92$561.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$75.00$75.00$75.00
Total monthly$3,329.51$3,828.54$5,131.29
Cash to close$134,037$67,500$67,500