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$524,746$524,746$670,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$145,754$0
Funding fee$2,624$2,624$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.552%7.640%
1st payment$3,348.24$3,348.24$4,642.41
2nd payment$0.00$971.69$0.00
Taxes / mo$620.83$620.83$620.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$170.00$170.00$170.00
Total monthly$4,355.74$5,327.44$5,784.01
Cash to close$220,254$74,500$74,500