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$584,568$584,568$585,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$32,932$0
Funding fee$2,923$2,923$0
Note rate6.890%6.890%7.320%
Blended rate6.890%7.156%7.560%
1st payment$3,907.95$3,907.95$4,018.54
2nd payment$0.00$325.88$0.00
Taxes / mo$155.76$155.76$155.76
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$4,230.37$4,556.26$4,457.97
Cash to close$65,432$32,500$65,000