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$502,988$502,988$584,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$82,011$0
Funding fee$2,515$2,515$0
Note rate6.270%6.270%7.320%
Blended rate6.270%6.653%7.560%
1st payment$3,239.35$3,239.35$4,018.54
2nd payment$0.00$615.08$0.00
Taxes / mo$239.58$239.58$239.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,645.60$4,260.68$4,541.79
Cash to close$147,011$65,000$65,000