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$604,345$604,345$1,255,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$651,155$0
Funding fee$3,022$3,022$0
Note rate6.280%6.280%7.400%
Blended rate6.280%7.042%7.640%
1st payment$3,872.79$3,872.79$8,692.83
2nd payment$0.00$4,205.37$0.00
Taxes / mo$1,162.50$1,162.50$1,162.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$537.00$537.00$537.00
Total monthly$5,788.96$9,994.33$10,860.10
Cash to close$790,655$139,500$139,500