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$593,661$593,661$661,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$67,839$0
Funding fee$2,968$2,968$0
Note rate6.490%6.490%7.400%
Blended rate6.490%6.747%7.640%
1st payment$3,833.23$3,833.23$4,580.09
2nd payment$0.00$508.79$0.00
Taxes / mo$612.50$612.50$612.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,662.40$5,171.19$5,541.56
Cash to close$141,339$73,500$73,500