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$684,209$684,209$1,062,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$377,791$0
Funding fee$3,421$3,421$0
Note rate7.090%7.090%7.400%
Blended rate7.090%7.325%7.640%
1st payment$4,699.50$4,699.50$7,353.07
2nd payment$0.00$2,439.90$0.00
Taxes / mo$209.67$209.67$209.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$212.40
HOA / mo$261.67$261.67$261.67
Total monthly$5,387.51$7,827.41$8,253.48
Cash to close$495,791$118,000$118,000