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$929,284$929,284$1,218,600
Remaining term (yrs)25.325.330.0
Secondary amount$0$289,316$0
Funding fee$4,646$4,646$0
Note rate3.220%3.220%7.400%
Blended rate3.220%4.295%7.640%
1st payment$4,465.68$4,465.68$8,437.34
2nd payment$0.00$1,868.50$0.00
Taxes / mo$424.06$424.06$424.06
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.72
HOA / mo$0.00$0.00$0.00
Total monthly$5,106.41$6,974.91$9,321.78
Cash to close$424,716$135,400$135,400