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$626,743$626,743$720,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$93,257$0
Funding fee$3,134$3,134$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.673%7.640%
1st payment$2,926.46$2,926.46$4,985.13
2nd payment$0.00$699.43$0.00
Taxes / mo$208.25$208.25$208.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$150.00$150.00$150.00
Total monthly$3,501.37$4,200.80$5,704.05
Cash to close$173,257$80,000$80,000