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$677,806$677,806$1,170,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$492,194$0
Funding fee$3,389$3,389$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.900%7.640%
1st payment$3,214.15$3,214.15$8,100.84
2nd payment$0.00$3,178.75$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$4,514.15$7,692.90$9,634.84
Cash to close$622,194$130,000$130,000