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$546,835$546,835$621,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$74,165$0
Funding fee$2,734$2,734$0
Note rate6.560%6.560%7.320%
Blended rate6.560%6.851%7.560%
1st payment$3,513.46$3,513.46$4,265.84
2nd payment$0.00$556.24$0.00
Taxes / mo$147.42$147.42$147.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,827.55$4,383.79$4,704.12
Cash to close$143,165$69,000$69,000