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$531,179$531,179$589,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$58,321$0
Funding fee$2,656$2,656$0
Note rate3.220%3.220%7.320%
Blended rate3.220%3.792%7.560%
1st payment$2,558.01$2,558.01$4,049.46
2nd payment$0.00$437.41$0.00
Taxes / mo$413.08$413.08$413.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$62.00$62.00$62.00
Total monthly$3,199.76$3,637.17$4,809.11
Cash to close$123,821$65,500$65,500