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$509,681$509,681$508,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$27,069$0
Funding fee$2,548$2,548$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.432%7.640%
1st payment$2,958.44$2,958.44$3,520.75
2nd payment$0.00$267.87$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,340.44$3,608.31$4,004.45
Cash to close$55,319$28,250$56,500