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$583,867$583,867$822,600
Remaining term (yrs)27.427.430.0
Secondary amount$0$238,733$0
Funding fee$2,919$2,919$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.062%7.640%
1st payment$3,903.56$3,903.56$5,695.52
2nd payment$0.00$1,541.82$0.00
Taxes / mo$761.67$761.67$761.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$164.52
HOA / mo$0.00$0.00$0.00
Total monthly$4,881.89$6,423.71$6,838.37
Cash to close$330,133$91,400$91,400