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$743,413$743,413$1,305,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$561,587$0
Funding fee$3,717$3,717$0
Note rate3.600%3.600%7.320%
Blended rate3.600%5.386%7.560%
1st payment$3,955.41$3,955.41$8,964.44
2nd payment$0.00$3,626.92$0.00
Taxes / mo$1,773.17$1,773.17$1,773.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$43.75$43.75$43.75
Total monthly$5,989.00$9,615.92$11,259.03
Cash to close$706,587$145,000$145,000