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$693,816$693,816$697,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$42,434$0
Funding fee$3,469$3,469$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.140%7.640%
1st payment$4,646.90$4,646.90$4,829.35
2nd payment$0.00$419.92$0.00
Taxes / mo$400.20$400.20$400.20
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$8.33$8.33$8.33
Total monthly$5,272.09$5,692.02$5,594.05
Cash to close$81,184$38,750$77,500