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$574,416$574,416$1,075,590
Remaining term (yrs)25.325.330.0
Secondary amount$0$501,174$0
Funding fee$2,872$2,872$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.149%7.640%
1st payment$2,658.14$2,658.14$7,447.17
2nd payment$0.00$3,236.75$0.00
Taxes / mo$995.92$995.92$995.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.12
HOA / mo$1,065.00$1,065.00$1,065.00
Total monthly$4,935.73$8,172.48$9,939.87
Cash to close$620,684$119,510$119,510