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$700,896$700,896$755,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$54,204$0
Funding fee$3,504$3,504$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.524%7.640%
1st payment$3,331.03$3,331.03$5,228.16
2nd payment$0.00$406.53$0.00
Taxes / mo$699.17$699.17$699.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.02
HOA / mo$171.00$171.00$171.00
Total monthly$4,417.86$4,824.39$6,466.01
Cash to close$138,104$83,900$83,900