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$627,498$627,498$630,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$37,502$0
Funding fee$3,137$3,137$0
Note rate3.510%3.510%7.320%
Blended rate3.510%3.982%7.560%
1st payment$3,100.01$3,100.01$4,327.66
2nd payment$0.00$371.12$0.00
Taxes / mo$523.29$523.29$523.29
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$113.00$113.00$113.00
Total monthly$3,902.97$4,274.09$5,256.62
Cash to close$72,502$35,000$70,000