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$639,796$639,796$630,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$25,204$0
Funding fee$3,199$3,199$0
Note rate4.000%4.000%7.400%
Blended rate4.000%4.298%7.640%
1st payment$3,338.57$3,338.57$4,361.99
2nd payment$0.00$249.42$0.00
Taxes / mo$357.86$357.86$357.86
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$70.00$70.00$70.00
Total monthly$3,933.10$4,182.51$5,082.52
Cash to close$60,204$35,000$70,000