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$598,440$598,440$652,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$54,060$0
Funding fee$2,992$2,992$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.065%7.640%
1st payment$3,996.93$3,996.93$4,517.78
2nd payment$0.00$405.45$0.00
Taxes / mo$345.92$345.92$345.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$175.00$175.00$175.00
Total monthly$4,734.52$5,139.97$5,385.86
Cash to close$126,560$72,500$72,500