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$786,733$786,733$1,125,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$338,267$0
Funding fee$3,934$3,934$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.267%7.640%
1st payment$3,688.88$3,688.88$7,789.27
2nd payment$0.00$2,184.64$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$575.00$575.00$575.00
Total monthly$5,522.21$7,706.85$9,847.61
Cash to close$463,267$125,000$125,000