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$630,364$630,364$1,093,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$463,136$0
Funding fee$3,152$3,152$0
Note rate3.120%3.120%7.400%
Blended rate3.120%5.081%7.640%
1st payment$2,995.98$2,995.98$7,571.17
2nd payment$0.00$2,991.09$0.00
Taxes / mo$1,012.50$1,012.50$1,012.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$218.70
HOA / mo$530.00$530.00$530.00
Total monthly$4,755.15$7,746.23$9,549.04
Cash to close$584,636$121,500$121,500