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$463,785$463,785$585,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$121,215$0
Funding fee$2,319$2,319$0
Note rate6.580%6.580%7.400%
Blended rate6.580%6.874%7.640%
1st payment$2,985.93$2,985.93$4,050.42
2nd payment$0.00$808.10$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$270.00$270.00$270.00
Total monthly$3,964.26$4,772.36$5,145.76
Cash to close$186,215$65,000$65,000