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$642,316$642,316$661,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$55,934$0
Funding fee$3,212$3,212$0
Note rate6.110%6.110%7.320%
Blended rate6.110%6.572%7.560%
1st payment$3,911.92$3,911.92$4,544.05
2nd payment$0.00$553.51$0.00
Taxes / mo$374.42$374.42$374.42
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$4,503.01$5,056.52$5,267.43
Cash to close$92,684$36,750$73,500