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$790,015$790,015$945,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$154,985$0
Funding fee$3,950$3,950$0
Note rate6.760%6.760%7.400%
Blended rate6.760%6.963%7.640%
1st payment$5,194.10$5,194.10$6,542.99
2nd payment$0.00$1,033.23$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,577.44$6,610.67$7,115.32
Cash to close$259,985$105,000$105,000