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$691,340$691,340$810,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$118,660$0
Funding fee$3,457$3,457$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.681%7.640%
1st payment$3,271.69$3,271.69$5,608.28
2nd payment$0.00$791.06$0.00
Taxes / mo$366.42$366.42$366.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,854.78$4,645.84$6,353.36
Cash to close$208,660$90,000$90,000