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$585,641$585,641$764,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$178,459$0
Funding fee$2,928$2,928$0
Note rate6.560%6.560%7.400%
Blended rate6.560%6.896%7.640%
1st payment$3,762.80$3,762.80$5,290.47
2nd payment$0.00$1,189.73$0.00
Taxes / mo$463.75$463.75$463.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,443.21$5,632.94$6,123.71
Cash to close$263,359$84,900$84,900