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$502,786$502,786$584,991
Remaining term (yrs)28.928.930.0
Secondary amount$0$82,205$0
Funding fee$2,514$2,514$0
Note rate6.580%6.580%7.320%
Blended rate6.580%6.920%7.560%
1st payment$3,237.02$3,237.02$4,018.48
2nd payment$0.00$616.54$0.00
Taxes / mo$335.25$335.25$335.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$60.00$60.00$60.00
Total monthly$3,798.94$4,415.48$4,697.40
Cash to close$147,204$64,999$64,999