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$499,964$499,964$575,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$75,946$0
Funding fee$2,500$2,500$0
Note rate6.600%6.600%7.400%
Blended rate6.600%6.916%7.640%
1st payment$3,257.16$3,257.16$3,987.48
2nd payment$0.00$569.60$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,957.08$4,526.67$4,802.58
Cash to close$139,936$63,990$63,990