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$395,438$395,438$1,147,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$752,062$0
Funding fee$1,977$1,977$0
Note rate3.330%3.330%7.400%
Blended rate3.330%6.227%7.640%
1st payment$2,014.22$2,014.22$7,945.06
2nd payment$0.00$4,857.07$0.00
Taxes / mo$123.92$123.92$123.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,354.81$7,211.88$8,515.14
Cash to close$879,562$127,500$127,500