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$624,819$624,819$702,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$77,181$0
Funding fee$3,124$3,124$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.606%7.640%
1st payment$2,970.46$2,970.46$4,860.51
2nd payment$0.00$578.86$0.00
Taxes / mo$289.75$289.75$289.75
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$3,510.21$4,089.07$5,540.65
Cash to close$155,181$78,000$78,000