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$508,963$508,963$540,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$31,037$0
Funding fee$2,545$2,545$0
Note rate6.670%6.670%7.320%
Blended rate6.670%6.804%7.560%
1st payment$3,322.59$3,322.59$3,709.43
2nd payment$0.00$232.77$0.00
Taxes / mo$479.33$479.33$479.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,968.59$4,201.36$4,463.43
Cash to close$91,037$60,000$60,000