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$648,685$648,685$701,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$52,415$0
Funding fee$3,243$3,243$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.299%7.640%
1st payment$3,730.91$3,730.91$4,854.27
2nd payment$0.00$393.11$0.00
Taxes / mo$649.17$649.17$649.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$0.00$0.00$0.00
Total monthly$4,596.74$4,989.85$5,860.33
Cash to close$130,315$77,900$77,900