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$581,669$581,669$579,150
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,656$0
Funding fee$2,908$2,908$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.198%7.640%
1st payment$3,985.65$3,985.65$4,009.92
2nd payment$0.00$293.47$0.00
Taxes / mo$138.25$138.25$138.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.83
HOA / mo$0.00$0.00$0.00
Total monthly$4,290.57$4,584.04$4,430.66
Cash to close$61,831$32,175$64,350