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$515,911$515,911$513,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,589$0
Funding fee$2,580$2,580$0
Note rate6.470%6.470%7.320%
Blended rate6.470%6.725%7.560%
1st payment$3,324.55$3,324.55$3,523.95
2nd payment$0.00$253.23$0.00
Taxes / mo$376.50$376.50$376.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,867.71$4,120.94$4,169.72
Cash to close$54,089$28,500$57,000