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$696,537$696,537$841,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$144,963$0
Funding fee$3,483$3,483$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.812%7.640%
1st payment$3,296.28$3,296.28$5,826.38
2nd payment$0.00$966.42$0.00
Taxes / mo$779.17$779.17$779.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$168.30
HOA / mo$156.00$156.00$156.00
Total monthly$4,448.12$5,414.54$7,146.51
Cash to close$238,463$93,500$93,500