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$736,662$736,662$1,507,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$770,838$0
Funding fee$3,683$3,683$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.370%7.640%
1st payment$3,528.86$3,528.86$10,437.63
2nd payment$0.00$4,978.33$0.00
Taxes / mo$1,040.83$1,040.83$1,040.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$301.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,786.36$9,764.69$11,996.63
Cash to close$938,338$167,500$167,500