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$632,200$632,200$648,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$51,800$0
Funding fee$3,161$3,161$0
Note rate6.620%6.620%7.320%
Blended rate6.620%7.018%7.560%
1st payment$4,170.09$4,170.09$4,451.31
2nd payment$0.00$512.60$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.60
HOA / mo$630.00$630.00$630.00
Total monthly$5,616.76$6,129.36$6,027.58
Cash to close$87,800$36,000$72,000