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$518,099$518,099$530,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$41,451$0
Funding fee$2,590$2,590$0
Note rate6.650%6.650%7.320%
Blended rate6.650%7.037%7.560%
1st payment$3,375.45$3,375.45$3,641.42
2nd payment$0.00$410.20$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.02
HOA / mo$181.00$181.00$181.00
Total monthly$3,960.62$4,370.81$4,332.61
Cash to close$70,901$29,450$58,900