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$587,944$587,944$594,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$39,056$0
Funding fee$2,940$2,940$0
Note rate6.260%6.260%7.400%
Blended rate6.260%6.610%7.640%
1st payment$3,659.38$3,659.38$4,112.74
2nd payment$0.00$386.49$0.00
Taxes / mo$572.08$572.08$572.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$33.00$33.00$33.00
Total monthly$4,431.13$4,817.62$5,003.29
Cash to close$72,056$33,000$66,000