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$536,368$536,368$539,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$32,682$0
Funding fee$2,682$2,682$0
Note rate5.500%5.500%7.320%
Blended rate5.500%5.866%7.560%
1st payment$3,212.12$3,212.12$3,703.24
2nd payment$0.00$323.42$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$315.00$315.00$315.00
Total monthly$4,192.96$4,516.38$4,791.90
Cash to close$62,632$29,950$59,900