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$510,640$510,640$1,709,899
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,199,259$0
Funding fee$2,553$2,553$0
Note rate3.040%3.040%7.400%
Blended rate3.040%6.343%7.640%
1st payment$2,488.26$2,488.26$11,839.00
2nd payment$0.00$7,745.22$0.00
Taxes / mo$1,583.24$1,583.24$1,583.24
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$341.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,288.17$12,033.39$13,980.88
Cash to close$1,389,248$189,989$189,989