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$541,470$541,470$562,410
Remaining term (yrs)28.528.530.0
Secondary amount$0$52,185$0
Funding fee$2,707$2,707$0
Note rate6.630%6.630%7.240%
Blended rate6.630%7.091%7.480%
1st payment$3,520.65$3,520.65$3,832.81
2nd payment$0.00$516.41$0.00
Taxes / mo$247.25$247.25$247.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,934.56$4,450.97$4,359.21
Cash to close$83,430$31,245$62,490