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$696,966$696,966$989,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$293,033$0
Funding fee$3,485$3,485$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.870%7.640%
1st payment$4,590.08$4,590.08$6,854.55
2nd payment$0.00$1,892.50$0.00
Taxes / mo$38.33$38.33$38.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,845.08$6,737.58$7,307.55
Cash to close$403,033$110,000$110,000