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$664,515$664,515$684,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$57,485$0
Funding fee$3,323$3,323$0
Note rate3.210%3.210%7.320%
Blended rate3.210%3.900%7.560%
1st payment$3,183.07$3,183.07$4,698.61
2nd payment$0.00$568.86$0.00
Taxes / mo$380.83$380.83$380.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$62.00$62.00$62.00
Total monthly$3,842.57$4,411.44$5,494.91
Cash to close$95,485$38,000$76,000