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$642,979$642,979$751,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$108,521$0
Funding fee$3,215$3,215$0
Note rate6.950%6.950%7.320%
Blended rate6.950%7.102%7.560%
1st payment$4,352.82$4,352.82$5,162.28
2nd payment$0.00$723.47$0.00
Taxes / mo$982.50$982.50$982.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$150.30
HOA / mo$189.00$189.00$189.00
Total monthly$5,740.98$6,464.46$6,700.75
Cash to close$192,021$83,500$83,500