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$638,914$638,914$783,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$144,086$0
Funding fee$3,195$3,195$0
Note rate2.800%2.800%7.400%
Blended rate2.800%3.757%7.640%
1st payment$2,984.45$2,984.45$5,421.33
2nd payment$0.00$960.57$0.00
Taxes / mo$725.00$725.00$725.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.60
HOA / mo$137.00$137.00$137.00
Total monthly$4,063.12$5,023.69$6,656.60
Cash to close$231,086$87,000$87,000