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$713,092$713,092$1,305,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$591,908$0
Funding fee$3,565$3,565$0
Note rate4.480%4.480%7.400%
Blended rate4.480%5.963%7.640%
1st payment$4,271.14$4,271.14$9,035.56
2nd payment$0.00$3,822.74$0.00
Taxes / mo$1,208.33$1,208.33$1,208.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$175.00$175.00$175.00
Total monthly$5,871.14$9,693.88$10,896.56
Cash to close$736,908$145,000$145,000