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$498,708$498,708$607,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$108,792$0
Funding fee$2,494$2,494$0
Note rate6.200%6.200%7.320%
Blended rate6.200%6.522%7.560%
1st payment$3,123.97$3,123.97$4,173.10
2nd payment$0.00$725.28$0.00
Taxes / mo$529.75$529.75$529.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$30.00$30.00$30.00
Total monthly$3,850.39$4,575.67$5,021.02
Cash to close$176,292$67,500$67,500