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$529,426$529,426$648,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$118,574$0
Funding fee$2,647$2,647$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.134%7.560%
1st payment$3,584.13$3,584.13$4,451.31
2nd payment$0.00$790.49$0.00
Taxes / mo$302.75$302.75$302.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.60
HOA / mo$146.67$146.67$146.67
Total monthly$4,250.21$5,040.71$5,247.00
Cash to close$190,574$72,000$72,000