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$606,396$606,396$629,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$57,654$0
Funding fee$3,032$3,032$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.967%7.640%
1st payment$3,919.37$3,919.37$4,355.76
2nd payment$0.00$570.54$0.00
Taxes / mo$138.50$138.50$138.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,224.54$4,795.07$4,786.75
Cash to close$92,604$34,950$69,900