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$609,690$609,690$630,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$55,310$0
Funding fee$3,048$3,048$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.847%7.560%
1st payment$3,609.48$3,609.48$4,327.66
2nd payment$0.00$547.34$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,359.48$4,906.82$5,203.66
Cash to close$90,310$35,000$70,000