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$599,974$599,974$832,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$232,526$0
Funding fee$3,000$3,000$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.137%7.640%
1st payment$4,087.68$4,087.68$5,764.06
2nd payment$0.00$1,501.73$0.00
Taxes / mo$696.42$696.42$696.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$40.00$40.00$40.00
Total monthly$5,040.76$6,542.49$6,883.65
Cash to close$325,026$92,500$92,500