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$499,615$499,615$809,091
Remaining term (yrs)25.625.630.0
Secondary amount$0$309,476$0
Funding fee$2,498$2,498$0
Note rate5.100%5.100%7.400%
Blended rate5.100%6.114%7.640%
1st payment$2,907.50$2,907.50$5,601.98
2nd payment$0.00$1,998.70$0.00
Taxes / mo$749.16$749.16$749.16
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,873.32$5,872.02$6,729.63
Cash to close$399,375$89,899$89,899