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$620,807$620,807$1,327,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$706,693$0
Funding fee$3,104$3,104$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.245%7.640%
1st payment$4,052.72$4,052.72$9,191.34
2nd payment$0.00$4,564.06$0.00
Taxes / mo$916.75$916.75$916.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$265.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,186.14$9,750.20$10,590.26
Cash to close$854,193$147,500$147,500