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$771,320$771,320$990,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$218,680$0
Funding fee$3,857$3,857$0
Note rate6.420%6.420%7.400%
Blended rate6.420%6.714%7.640%
1st payment$4,945.58$4,945.58$6,854.56
2nd payment$0.00$1,412.31$0.00
Taxes / mo$65.25$65.25$65.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,227.50$6,639.80$7,334.48
Cash to close$328,680$110,000$110,000