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$733,902$733,902$1,170,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$436,098$0
Funding fee$3,670$3,670$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.902%7.640%
1st payment$3,666.38$3,666.38$8,100.84
2nd payment$0.00$2,816.47$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$638.00$638.00$638.00
Total monthly$5,604.38$8,420.85$10,272.84
Cash to close$566,098$130,000$130,000