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$621,973$621,973$774,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$152,027$0
Funding fee$3,110$3,110$0
Note rate3.290%3.290%7.400%
Blended rate3.290%4.215%7.640%
1st payment$3,162.44$3,162.44$5,359.02
2nd payment$0.00$1,013.51$0.00
Taxes / mo$716.67$716.67$716.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.80
HOA / mo$480.00$480.00$480.00
Total monthly$4,575.77$5,589.28$6,927.15
Cash to close$238,027$86,000$86,000