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$725,081$725,081$1,214,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$489,829$0
Funding fee$3,625$3,625$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.082%7.640%
1st payment$4,714.48$4,714.48$8,411.79
2nd payment$0.00$3,163.48$0.00
Taxes / mo$312.33$312.33$312.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$242.98
HOA / mo$91.67$91.67$91.67
Total monthly$5,335.15$8,498.63$9,275.44
Cash to close$624,819$134,990$134,990