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$548,501$548,501$1,035,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$486,499$0
Funding fee$2,743$2,743$0
Note rate6.690%6.690%7.320%
Blended rate6.690%7.188%7.560%
1st payment$3,666.57$3,666.57$7,109.73
2nd payment$0.00$3,141.97$0.00
Taxes / mo$305.08$305.08$305.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,188.32$7,330.29$7,838.48
Cash to close$601,499$115,000$115,000