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$597,702$597,702$629,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$31,398$0
Funding fee$2,989$2,989$0
Note rate6.750%6.750%7.400%
Blended rate6.750%6.862%7.640%
1st payment$3,918.45$3,918.45$4,355.76
2nd payment$0.00$235.48$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$25.00$25.00$25.00
Total monthly$4,287.20$4,522.68$4,850.33
Cash to close$101,298$69,900$69,900