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$583,621$583,621$652,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$68,879$0
Funding fee$2,918$2,918$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.764%7.640%
1st payment$3,705.81$3,705.81$4,517.78
2nd payment$0.00$516.59$0.00
Taxes / mo$199.08$199.08$199.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,121.56$4,638.16$5,064.03
Cash to close$141,379$72,500$72,500