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$514,777$514,777$607,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$92,723$0
Funding fee$2,574$2,574$0
Note rate6.870%6.870%7.400%
Blended rate6.870%7.195%7.640%
1st payment$3,431.36$3,431.36$4,206.21
2nd payment$0.00$695.42$0.00
Taxes / mo$185.75$185.75$185.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,783.78$4,479.21$4,680.12
Cash to close$160,223$67,500$67,500