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$508,070$508,070$530,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$52,335$0
Funding fee$2,540$2,540$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.002%7.640%
1st payment$3,349.96$3,349.96$3,675.91
2nd payment$0.00$517.90$0.00
Taxes / mo$158.83$158.83$158.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,675.46$4,193.36$4,107.60
Cash to close$81,830$29,495$58,990