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$628,680$628,680$1,034,550
Remaining term (yrs)24.524.530.0
Secondary amount$0$405,870$0
Funding fee$3,143$3,143$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.863%7.640%
1st payment$3,008.36$3,008.36$7,163.02
2nd payment$0.00$2,621.24$0.00
Taxes / mo$957.92$957.92$957.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.91
HOA / mo$0.00$0.00$0.00
Total monthly$4,182.94$6,804.18$8,544.51
Cash to close$520,820$114,950$114,950