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$520,411$520,411$585,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$64,589$0
Funding fee$2,602$2,602$0
Note rate3.250%3.250%7.400%
Blended rate3.250%3.885%7.640%
1st payment$2,519.77$2,519.77$4,050.42
2nd payment$0.00$484.42$0.00
Taxes / mo$700.17$700.17$700.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$93.00$93.00$93.00
Total monthly$3,479.60$3,964.02$5,127.26
Cash to close$129,589$65,000$65,000