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$552,970$552,970$1,170,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$617,030$0
Funding fee$2,765$2,765$0
Note rate3.780%3.780%7.320%
Blended rate3.780%5.874%7.560%
1st payment$2,981.78$2,981.78$8,037.09
2nd payment$0.00$3,984.98$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,281.78$8,266.77$9,571.09
Cash to close$747,030$130,000$130,000