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$176,015$176,015$652,499
Remaining term (yrs)10.110.130.0
Secondary amount$0$476,484$0
Funding fee$880$880$0
Note rate6.430%6.430%7.320%
Blended rate6.430%7.394%7.560%
1st payment$1,957.71$1,957.71$4,482.22
2nd payment$0.00$3,077.29$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,778.54$5,855.84$5,433.55
Cash to close$548,984$72,500$72,500