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$689,407$689,407$1,147,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$458,093$0
Funding fee$3,447$3,447$0
Note rate6.320%6.320%7.320%
Blended rate6.320%6.891%7.560%
1st payment$4,366.75$4,366.75$7,882.53
2nd payment$0.00$2,958.52$0.00
Taxes / mo$1,321.92$1,321.92$1,321.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$183.33$183.33$183.33
Total monthly$6,088.66$9,047.18$9,833.94
Cash to close$585,593$127,500$127,500