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$700,568$700,568$688,499
Remaining term (yrs)26.426.430.0
Secondary amount$0$26,181$0
Funding fee$3,503$3,503$0
Note rate5.700%5.700%7.400%
Blended rate5.700%5.922%7.640%
1st payment$4,275.00$4,275.00$4,767.03
2nd payment$0.00$259.08$0.00
Taxes / mo$637.50$637.50$637.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$5,129.16$5,388.25$5,758.89
Cash to close$64,431$38,250$76,500