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$552,618$552,618$558,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$36,382$0
Funding fee$2,763$2,763$0
Note rate3.920%3.920%7.320%
Blended rate3.920%4.411%7.560%
1st payment$2,853.77$2,853.77$3,833.07
2nd payment$0.00$360.03$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$138.00$138.00$138.00
Total monthly$3,675.10$4,035.13$4,766.01
Cash to close$67,382$31,000$62,000