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$722,637$722,637$990,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$267,363$0
Funding fee$3,613$3,613$0
Note rate2.250%2.250%7.400%
Blended rate2.250%3.735%7.640%
1st payment$3,167.41$3,167.41$6,854.56
2nd payment$0.00$1,726.72$0.00
Taxes / mo$384.25$384.25$384.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$54.00$54.00$54.00
Total monthly$3,822.32$5,549.04$7,707.48
Cash to close$377,363$110,000$110,000