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$16,020$16,020$481,185
Remaining term (yrs)2.22.230.0
Secondary amount$0$465,165$0
Funding fee$80$80$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.715%7.640%
1st payment$619.68$619.68$3,331.63
2nd payment$0.00$3,004.19$0.00
Taxes / mo$136.92$136.92$136.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.24
HOA / mo$0.00$0.00$0.00
Total monthly$923.26$3,927.45$3,731.45
Cash to close$518,630$53,465$53,465