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$551,380$551,380$594,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$42,620$0
Funding fee$2,757$2,757$0
Note rate5.660%5.660%7.400%
Blended rate5.660%5.900%7.640%
1st payment$3,369.61$3,369.61$4,112.74
2nd payment$0.00$319.65$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$200.00$200.00$200.00
Total monthly$4,286.27$4,605.92$5,148.20
Cash to close$108,620$66,000$66,000