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$627,609$627,609$702,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$74,391$0
Funding fee$3,138$3,138$0
Note rate3.170%3.170%7.400%
Blended rate3.170%3.788%7.640%
1st payment$3,058.88$3,058.88$4,860.51
2nd payment$0.00$557.93$0.00
Taxes / mo$247.67$247.67$247.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$33.33$33.33$33.33
Total monthly$3,556.54$4,114.47$5,498.57
Cash to close$152,391$78,000$78,000