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$625,683$625,683$652,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,817$0
Funding fee$3,128$3,128$0
Note rate6.850%6.850%7.400%
Blended rate6.850%6.938%7.640%
1st payment$4,186.45$4,186.45$4,517.78
2nd payment$0.00$201.13$0.00
Taxes / mo$512.25$512.25$512.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$37.50$37.50$37.50
Total monthly$4,952.87$5,154.00$5,414.69
Cash to close$99,317$72,500$72,500