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$602,152$602,152$742,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$140,348$0
Funding fee$3,011$3,011$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.567%7.640%
1st payment$3,474.31$3,474.31$5,140.92
2nd payment$0.00$935.65$0.00
Taxes / mo$150.00$150.00$150.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$33.33$33.33$33.33
Total monthly$3,874.31$4,809.96$5,689.42
Cash to close$222,848$82,500$82,500