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$506,310$506,310$827,820
Remaining term (yrs)22.822.830.0
Secondary amount$0$321,510$0
Funding fee$2,532$2,532$0
Note rate4.060%4.060%7.320%
Blended rate4.060%5.493%7.560%
1st payment$2,831.47$2,831.47$5,686.55
2nd payment$0.00$2,076.42$0.00
Taxes / mo$766.50$766.50$766.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$165.56
HOA / mo$690.00$690.00$690.00
Total monthly$4,504.64$6,581.06$7,525.28
Cash to close$413,490$91,980$91,980