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$710,271$710,271$1,192,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$482,229$0
Funding fee$3,551$3,551$0
Note rate4.750%4.750%7.400%
Blended rate4.750%5.963%7.640%
1st payment$3,974.95$3,974.95$8,256.63
2nd payment$0.00$3,114.40$0.00
Taxes / mo$1,104.17$1,104.17$1,104.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$238.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,295.79$8,410.18$9,815.96
Cash to close$614,729$132,500$132,500