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$591,377$591,377$719,010
Remaining term (yrs)27.927.930.0
Secondary amount$0$127,633$0
Funding fee$2,957$2,957$0
Note rate5.200%5.200%7.400%
Blended rate5.200%5.697%7.640%
1st payment$3,345.05$3,345.05$4,978.28
2nd payment$0.00$850.89$0.00
Taxes / mo$310.42$310.42$310.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.80
HOA / mo$50.00$50.00$50.00
Total monthly$3,922.13$4,773.02$5,699.17
Cash to close$207,523$79,890$79,890