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$714,873$714,873$773,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$58,227$0
Funding fee$3,574$3,574$0
Note rate2.970%2.970%7.400%
Blended rate2.970%3.424%7.640%
1st payment$3,401.90$3,401.90$5,352.79
2nd payment$0.00$436.70$0.00
Taxes / mo$715.83$715.83$715.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.62
HOA / mo$230.00$230.00$230.00
Total monthly$4,564.40$5,001.10$6,669.91
Cash to close$144,127$85,900$85,900