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$693,573$693,573$823,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$129,927$0
Funding fee$3,468$3,468$0
Note rate3.120%3.120%7.320%
Blended rate3.120%3.890%7.560%
1st payment$3,296.40$3,296.40$5,656.87
2nd payment$0.00$866.18$0.00
Taxes / mo$284.92$284.92$284.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$164.70
HOA / mo$145.00$145.00$145.00
Total monthly$3,942.98$4,809.16$6,468.16
Cash to close$221,427$91,500$91,500