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$603,113$603,113$597,600
Remaining term (yrs)25.625.630.0
Secondary amount$0$27,687$0
Funding fee$3,016$3,016$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.302%7.640%
1st payment$3,474.31$3,474.31$4,137.66
2nd payment$0.00$273.98$0.00
Taxes / mo$234.33$234.33$234.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.52
HOA / mo$0.00$0.00$0.00
Total monthly$3,875.31$4,149.29$4,658.18
Cash to close$60,887$33,200$66,400