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$547,508$547,508$621,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$73,492$0
Funding fee$2,738$2,738$0
Note rate6.630%6.630%7.320%
Blended rate6.630%6.910%7.560%
1st payment$3,607.27$3,607.27$4,265.84
2nd payment$0.00$551.19$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$4,348.93$4,900.13$5,131.71
Cash to close$142,492$69,000$69,000