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$426,002$426,002$2,204,977
Remaining term (yrs)23.923.930.0
Secondary amount$0$1,778,975$0
Funding fee$2,130$2,130$0
Note rate3.230%3.230%7.400%
Blended rate3.230%6.877%7.640%
1st payment$2,127.74$2,127.74$15,266.81
2nd payment$0.00$11,489.21$0.00
Taxes / mo$654.75$654.75$654.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$441.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,999.15$14,488.37$16,579.22
Cash to close$2,023,972$244,997$244,997