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$506,346$506,346$603,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$96,654$0
Funding fee$2,532$2,532$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.861%7.640%
1st payment$2,348.38$2,348.38$4,175.05
2nd payment$0.00$724.91$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,073.38$3,798.28$5,020.65
Cash to close$163,654$67,000$67,000