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$498,150$498,150$540,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$41,850$0
Funding fee$2,491$2,491$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.316%7.640%
1st payment$3,085.63$3,085.63$3,738.85
2nd payment$0.00$313.87$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$420.00$420.00$420.00
Total monthly$4,172.30$4,486.17$4,933.52
Cash to close$101,850$60,000$60,000