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$561,008$561,008$598,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$37,492$0
Funding fee$2,805$2,805$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.532%7.640%
1st payment$3,326.27$3,326.27$4,143.89
2nd payment$0.00$281.19$0.00
Taxes / mo$85.50$85.50$85.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,578.44$3,859.63$4,515.76
Cash to close$103,992$66,500$66,500