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$701,769$701,769$989,730
Remaining term (yrs)29.329.330.0
Secondary amount$0$287,961$0
Funding fee$3,509$3,509$0
Note rate6.180%6.180%7.320%
Blended rate6.180%6.637%7.560%
1st payment$4,318.54$4,318.54$6,798.76
2nd payment$0.00$1,859.75$0.00
Taxes / mo$245.17$245.17$245.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.95
HOA / mo$0.00$0.00$0.00
Total monthly$4,780.37$6,640.12$7,458.54
Cash to close$397,931$109,970$109,970