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$516,435$516,435$526,950
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,790$0
Funding fee$2,582$2,582$0
Note rate3.850%3.850%7.400%
Blended rate3.850%4.424%7.640%
1st payment$2,646.99$2,646.99$3,648.50
2nd payment$0.00$393.75$0.00
Taxes / mo$359.42$359.42$359.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.39
HOA / mo$385.00$385.00$385.00
Total monthly$3,558.07$3,951.82$4,664.97
Cash to close$69,065$29,275$58,550