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$679,050$679,050$1,507,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$828,450$0
Funding fee$3,395$3,395$0
Note rate6.270%6.270%7.320%
Blended rate6.270%7.083%7.560%
1st payment$4,226.58$4,226.58$10,355.48
2nd payment$0.00$5,350.41$0.00
Taxes / mo$1,108.33$1,108.33$1,108.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$301.50
HOA / mo$150.00$150.00$150.00
Total monthly$5,701.58$11,051.99$12,131.98
Cash to close$995,950$167,500$167,500