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$615,574$615,574$629,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$48,476$0
Funding fee$3,078$3,078$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.217%7.640%
1st payment$4,095.14$4,095.14$4,355.76
2nd payment$0.00$479.71$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$428.00$428.00$428.00
Total monthly$5,272.31$5,752.02$5,658.75
Cash to close$83,426$34,950$69,900