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$716,688$716,688$1,066,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$349,812$0
Funding fee$3,583$3,583$0
Note rate4.080%4.080%7.400%
Blended rate4.080%5.284%7.640%
1st payment$4,024.65$4,024.65$7,384.23
2nd payment$0.00$2,259.20$0.00
Taxes / mo$987.50$987.50$987.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$213.30
HOA / mo$0.00$0.00$0.00
Total monthly$5,228.82$7,488.02$8,801.70
Cash to close$468,312$118,500$118,500