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$562,482$562,482$585,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$55,018$0
Funding fee$2,812$2,812$0
Note rate6.790%6.790%7.320%
Blended rate6.790%7.243%7.560%
1st payment$3,800.42$3,800.42$4,018.54
2nd payment$0.00$544.45$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,508.76$5,053.20$4,843.88
Cash to close$87,518$32,500$65,000