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$593,574$593,574$647,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$53,526$0
Funding fee$2,968$2,968$0
Note rate2.720%2.720%7.400%
Blended rate2.720%3.239%7.640%
1st payment$2,704.04$2,704.04$4,480.39
2nd payment$0.00$401.44$0.00
Taxes / mo$599.17$599.17$599.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.42
HOA / mo$195.00$195.00$195.00
Total monthly$3,714.88$4,116.32$5,620.64
Cash to close$125,426$71,900$71,900