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$713,499$713,499$963,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$249,501$0
Funding fee$3,567$3,567$0
Note rate6.480%6.480%7.400%
Blended rate6.480%6.809%7.640%
1st payment$4,700.94$4,700.94$6,667.62
2nd payment$0.00$1,611.36$0.00
Taxes / mo$891.67$891.67$891.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$192.60
HOA / mo$173.00$173.00$173.00
Total monthly$5,982.27$7,593.64$8,141.55
Cash to close$356,501$107,000$107,000