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$308,602$308,602$1,120,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$811,898$0
Funding fee$1,543$1,543$0
Note rate2.740%2.740%7.400%
Blended rate2.740%6.370%7.640%
1st payment$1,438.83$1,438.83$7,758.12
2nd payment$0.00$5,243.51$0.00
Taxes / mo$1,037.50$1,037.50$1,037.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,693.00$7,936.51$9,236.38
Cash to close$936,398$124,500$124,500