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$699,375$699,375$755,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$55,725$0
Funding fee$3,497$3,497$0
Note rate3.100%3.100%7.240%
Blended rate3.100%3.535%7.480%
1st payment$3,331.03$3,331.03$5,145.99
2nd payment$0.00$417.93$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$4,835.79$6,383.85
Cash to close$139,625$83,900$83,900