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$669,390$669,390$972,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$302,610$0
Funding fee$3,347$3,347$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.889%7.640%
1st payment$4,274.68$4,274.68$6,729.93
2nd payment$0.00$1,954.36$0.00
Taxes / mo$900.00$900.00$900.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$194.40
HOA / mo$205.00$205.00$205.00
Total monthly$5,596.34$7,550.70$8,246.00
Cash to close$410,610$108,000$108,000