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$640,459$640,459$868,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$228,041$0
Funding fee$3,202$3,202$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.160%7.640%
1st payment$4,335.76$4,335.76$6,013.32
2nd payment$0.00$1,472.76$0.00
Taxes / mo$414.46$414.46$414.46
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$173.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,966.89$6,439.65$6,818.15
Cash to close$324,541$96,500$96,500