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$597,890$597,890$629,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$31,210$0
Funding fee$2,989$2,989$0
Note rate3.220%3.220%7.400%
Blended rate3.220%3.507%7.640%
1st payment$2,861.07$2,861.07$4,355.76
2nd payment$0.00$234.07$0.00
Taxes / mo$251.00$251.00$251.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$33.33$33.33$33.33
Total monthly$3,312.07$3,546.14$4,932.58
Cash to close$101,110$69,900$69,900