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$647,983$647,983$1,350,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$702,017$0
Funding fee$3,240$3,240$0
Note rate3.040%3.040%7.400%
Blended rate3.040%5.489%7.640%
1st payment$3,121.28$3,121.28$9,347.13
2nd payment$0.00$4,533.86$0.00
Taxes / mo$186.92$186.92$186.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,524.86$8,058.72$10,020.71
Cash to close$852,017$150,000$150,000