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$713,959$713,959$863,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$149,141$0
Funding fee$3,570$3,570$0
Note rate2.990%2.990%7.400%
Blended rate2.990%3.856%7.640%
1st payment$3,389.57$3,389.57$5,975.93
2nd payment$0.00$994.27$0.00
Taxes / mo$799.17$799.17$799.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$172.62
HOA / mo$0.00$0.00$0.00
Total monthly$4,405.41$5,399.68$7,164.38
Cash to close$245,041$95,900$95,900