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$557,631$557,631$755,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$197,469$0
Funding fee$2,788$2,788$0
Note rate6.100%6.100%7.400%
Blended rate6.100%6.597%7.640%
1st payment$3,399.39$3,399.39$5,228.16
2nd payment$0.00$1,316.46$0.00
Taxes / mo$699.17$699.17$699.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,315.22$5,631.68$6,295.01
Cash to close$281,369$83,900$83,900