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$625,437$625,437$764,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$138,663$0
Funding fee$3,127$3,127$0
Note rate6.080%6.080%7.400%
Blended rate6.080%6.428%7.640%
1st payment$3,870.10$3,870.10$5,290.47
2nd payment$0.00$924.42$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,794.27$5,718.69$6,367.46
Cash to close$223,563$84,900$84,900