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$603,711$603,711$598,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$28,039$0
Funding fee$3,019$3,019$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.739%7.640%
1st payment$3,897.96$3,897.96$4,143.89
2nd payment$0.00$277.46$0.00
Taxes / mo$377.17$377.17$377.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$90.67$90.67$90.67
Total monthly$4,532.47$4,809.93$4,898.10
Cash to close$61,289$33,250$66,500