Dan Frey Home Loans
Call Dan

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$673,294$673,294$733,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$60,206$0
Funding fee$3,366$3,366$0
Note rate6.100%6.100%7.400%
Blended rate6.100%6.338%7.640%
1st payment$4,108.64$4,108.64$5,078.61
2nd payment$0.00$451.55$0.00
Taxes / mo$250.04$250.04$250.04
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$50.00$50.00$50.00
Total monthly$4,625.35$5,076.89$5,742.01
Cash to close$141,706$81,500$81,500