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$601,057$601,057$733,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$132,443$0
Funding fee$3,005$3,005$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.025%7.640%
1st payment$4,096.09$4,096.09$5,078.61
2nd payment$0.00$882.95$0.00
Taxes / mo$521.50$521.50$521.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$5.75$5.75$5.75
Total monthly$4,840.01$5,722.96$5,969.22
Cash to close$213,943$81,500$81,500