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$747,000$747,000$787,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$40,500$0
Funding fee$3,735$3,735$0
Note rate6.640%6.640%7.400%
Blended rate6.640%6.761%7.640%
1st payment$4,936.96$4,936.96$5,452.49
2nd payment$0.00$303.75$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$216.00$216.00$216.00
Total monthly$6,098.80$6,402.55$6,771.82
Cash to close$128,000$87,500$87,500