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$679,590$679,590$697,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$56,660$0
Funding fee$3,398$3,398$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.237%7.640%
1st payment$4,508.39$4,508.39$4,829.35
2nd payment$0.00$560.70$0.00
Taxes / mo$645.83$645.83$645.83
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$5,370.89$5,931.58$5,831.35
Cash to close$95,410$38,750$77,500