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$510,038$510,038$585,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$74,962$0
Funding fee$2,550$2,550$0
Note rate6.490%6.490%7.320%
Blended rate6.490%6.812%7.560%
1st payment$3,223.35$3,223.35$4,018.54
2nd payment$0.00$562.22$0.00
Taxes / mo$135.00$135.00$135.00
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$3,525.02$4,087.24$4,437.21
Cash to close$139,962$65,000$65,000