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$490,659$490,659$561,600
Remaining term (yrs)29.129.130.0
Secondary amount$0$70,941$0
Funding fee$2,453$2,453$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.571%7.640%
1st payment$3,038.15$3,038.15$3,888.40
2nd payment$0.00$532.06$0.00
Taxes / mo$520.00$520.00$520.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.32
HOA / mo$186.33$186.33$186.33
Total monthly$3,911.15$4,443.20$4,873.72
Cash to close$133,341$62,400$62,400