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$743,607$743,607$945,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$201,393$0
Funding fee$3,718$3,718$0
Note rate6.760%6.760%7.400%
Blended rate6.760%6.971%7.640%
1st payment$4,902.91$4,902.91$6,542.99
2nd payment$0.00$1,300.66$0.00
Taxes / mo$875.00$875.00$875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$1,001.00$1,001.00$1,001.00
Total monthly$6,995.58$8,296.24$8,824.66
Cash to close$306,393$105,000$105,000