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$633,122$633,122$706,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$73,378$0
Funding fee$3,166$3,166$0
Note rate7.040%7.040%7.400%
Blended rate7.040%7.244%7.640%
1st payment$4,303.23$4,303.23$4,891.66
2nd payment$0.00$550.33$0.00
Taxes / mo$301.67$301.67$301.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,821.57$5,371.90$5,551.30
Cash to close$151,878$78,500$78,500