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$24,420$24,420$603,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$578,580$0
Funding fee$122$122$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.717%7.640%
1st payment$165.32$165.32$4,175.05
2nd payment$0.00$3,736.66$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$526.07$4,262.73$4,656.40
Cash to close$645,580$67,000$67,000