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$703,494$703,494$918,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$214,506$0
Funding fee$3,517$3,517$0
Note rate6.060%6.060%7.400%
Blended rate6.060%6.455%7.640%
1st payment$4,270.51$4,270.51$6,356.05
2nd payment$0.00$1,385.35$0.00
Taxes / mo$850.00$850.00$850.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$183.60
HOA / mo$0.00$0.00$0.00
Total monthly$5,337.18$6,722.53$7,606.31
Cash to close$316,506$102,000$102,000