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$505,188$505,188$657,900
Remaining term (yrs)29.029.030.0
Secondary amount$0$152,712$0
Funding fee$2,526$2,526$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.733%7.640%
1st payment$3,173.71$3,173.71$4,555.17
2nd payment$0.00$1,018.08$0.00
Taxes / mo$377.08$377.08$377.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,767.46$4,785.54$5,280.50
Cash to close$225,812$73,100$73,100