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$661,635$661,635$697,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$35,865$0
Funding fee$3,308$3,308$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.206%7.640%
1st payment$3,811.43$3,811.43$4,829.35
2nd payment$0.00$268.99$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,673.93$4,942.92$5,831.35
Cash to close$113,365$77,500$77,500