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$494,960$494,960$625,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$130,540$0
Funding fee$2,475$2,475$0
Note rate5.780%5.780%7.320%
Blended rate5.780%6.243%7.560%
1st payment$3,073.77$3,073.77$4,296.75
2nd payment$0.00$870.26$0.00
Taxes / mo$339.58$339.58$339.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,580.02$4,450.28$4,928.10
Cash to close$200,040$69,500$69,500