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$510,951$510,951$517,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$35,299$0
Funding fee$2,555$2,555$0
Note rate6.610%6.610%7.320%
Blended rate6.610%6.950%7.560%
1st payment$3,416.68$3,416.68$3,554.87
2nd payment$0.00$349.31$0.00
Taxes / mo$454.67$454.67$454.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,038.01$4,387.32$4,279.70
Cash to close$64,049$28,750$57,500