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$504,759$504,759$719,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$215,151$0
Funding fee$2,524$2,524$0
Note rate5.300%5.300%7.320%
Blended rate5.300%6.032%7.560%
1st payment$2,992.76$2,992.76$4,945.28
2nd payment$0.00$1,389.52$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,445.60$4,835.12$5,542.10
Cash to close$295,141$79,990$79,990