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$694,427$694,427$809,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$114,673$0
Funding fee$3,472$3,472$0
Note rate6.780%6.780%7.400%
Blended rate6.780%6.953%7.640%
1st payment$4,619.21$4,619.21$5,602.04
2nd payment$0.00$764.49$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$94.00$94.00$94.00
Total monthly$5,679.05$6,443.54$6,823.70
Cash to close$204,573$89,900$89,900