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$49,023$49,023$548,100
Remaining term (yrs)5.75.730.0
Secondary amount$0$499,077$0
Funding fee$245$245$0
Note rate6.990%6.990%7.400%
Blended rate6.990%7.682%7.640%
1st payment$854.80$854.80$3,794.93
2nd payment$0.00$3,223.21$0.00
Taxes / mo$228.33$228.33$228.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,249.80$4,473.00$4,299.55
Cash to close$559,977$60,900$60,900