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$807,845$807,845$1,034,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$227,065$0
Funding fee$4,039$4,039$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.011%7.640%
1st payment$3,831.41$3,831.41$7,165.51
2nd payment$0.00$1,466.46$0.00
Taxes / mo$106.37$106.37$106.37
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,154.44$5,620.90$7,695.53
Cash to close$342,055$114,990$114,990