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$571,698$571,698$693,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$121,302$0
Funding fee$2,858$2,858$0
Note rate6.540%6.540%7.400%
Blended rate6.540%6.796%7.640%
1st payment$3,779.64$3,779.64$4,798.19
2nd payment$0.00$808.68$0.00
Taxes / mo$223.92$223.92$223.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$3.33$3.33$3.33
Total monthly$4,223.56$5,032.24$5,380.71
Cash to close$198,302$77,000$77,000