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$594,104$594,104$697,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$103,396$0
Funding fee$2,971$2,971$0
Note rate4.000%4.000%7.400%
Blended rate4.000%4.593%7.640%
1st payment$3,088.55$3,088.55$4,829.35
2nd payment$0.00$689.31$0.00
Taxes / mo$393.00$393.00$393.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,698.22$4,387.53$5,578.52
Cash to close$180,896$77,500$77,500