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$516,534$516,534$1,125,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$608,466$0
Funding fee$2,583$2,583$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.509%7.640%
1st payment$2,483.63$2,483.63$7,789.27
2nd payment$0.00$3,929.68$0.00
Taxes / mo$398.42$398.42$398.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$9.17$9.17$9.17
Total monthly$3,107.88$7,037.56$8,638.53
Cash to close$733,466$125,000$125,000