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$570,576$570,576$693,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$122,424$0
Funding fee$2,853$2,853$0
Note rate6.280%6.280%7.400%
Blended rate6.280%6.584%7.640%
1st payment$3,678.22$3,678.22$4,798.19
2nd payment$0.00$816.16$0.00
Taxes / mo$223.92$223.92$223.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$3.33$3.33$3.33
Total monthly$4,122.14$4,938.29$5,380.71
Cash to close$199,424$77,000$77,000