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$892,803$892,803$1,349,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$457,107$0
Funding fee$4,464$4,464$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.476%7.640%
1st payment$4,209.90$4,209.90$9,346.50
2nd payment$0.00$2,952.15$0.00
Taxes / mo$1,249.92$1,249.92$1,249.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$269.98
HOA / mo$209.00$209.00$209.00
Total monthly$5,885.48$8,837.63$11,292.07
Cash to close$607,097$149,990$149,990