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$627,505$627,505$715,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$87,995$0
Funding fee$3,138$3,138$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.755%7.640%
1st payment$3,720.54$3,720.54$4,953.98
2nd payment$0.00$659.96$0.00
Taxes / mo$662.50$662.50$662.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,599.71$5,259.67$5,976.24
Cash to close$167,495$79,500$79,500