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$551,057$551,057$630,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$78,943$0
Funding fee$2,755$2,755$0
Note rate4.720%4.720%7.400%
Blended rate4.720%5.256%7.640%
1st payment$3,089.66$3,089.66$4,361.99
2nd payment$0.00$592.07$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$83.00$83.00$83.00
Total monthly$3,685.16$4,277.23$5,083.49
Cash to close$148,943$70,000$70,000