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$598,372$598,372$620,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$56,178$0
Funding fee$2,992$2,992$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.824%7.640%
1st payment$3,759.11$3,759.11$4,293.45
2nd payment$0.00$555.93$0.00
Taxes / mo$678.42$678.42$678.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,604.20$5,160.13$5,262.55
Cash to close$90,628$34,450$68,900