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$589,686$589,686$607,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$51,564$0
Funding fee$2,948$2,948$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.932%7.560%
1st payment$3,811.37$3,811.37$4,173.10
2nd payment$0.00$510.27$0.00
Taxes / mo$410.67$410.67$410.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,388.70$4,898.97$4,871.94
Cash to close$85,314$33,750$67,500