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$601,456$601,456$1,799,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$1,198,543$0
Funding fee$3,007$3,007$0
Note rate3.040%3.040%7.320%
Blended rate3.040%6.176%7.560%
1st payment$2,923.97$2,923.97$12,364.74
2nd payment$0.00$7,740.59$0.00
Taxes / mo$908.08$908.08$908.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$360.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,048.72$11,789.31$13,849.49
Cash to close$1,398,543$200,000$200,000