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$728,924$728,924$1,215,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$486,076$0
Funding fee$3,645$3,645$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.828%7.640%
1st payment$3,411.32$3,411.32$8,412.41
2nd payment$0.00$3,139.24$0.00
Taxes / mo$491.33$491.33$491.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,119.32$7,258.56$9,363.41
Cash to close$621,076$135,000$135,000