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$524,825$524,825$782,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$258,085$0
Funding fee$2,624$2,624$0
Note rate5.240%5.240%7.400%
Blended rate5.240%6.067%7.640%
1st payment$2,939.95$2,939.95$5,420.71
2nd payment$0.00$1,666.80$0.00
Taxes / mo$250.92$250.92$250.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,407.53$5,074.33$6,044.88
Cash to close$345,075$86,990$86,990