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$574,325$574,325$584,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$42,225$0
Funding fee$2,872$2,872$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.120%7.640%
1st payment$2,855.45$2,855.45$4,044.19
2nd payment$0.00$417.85$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,562.95$3,980.80$4,868.51
Cash to close$74,675$32,450$64,900