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$575,080$575,080$1,007,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$432,919$0
Funding fee$2,875$2,875$0
Note rate2.875%2.875%7.400%
Blended rate2.875%4.969%7.640%
1st payment$2,780.05$2,780.05$6,979.18
2nd payment$0.00$2,795.93$0.00
Taxes / mo$933.33$933.33$933.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$201.60
HOA / mo$330.00$330.00$330.00
Total monthly$4,260.05$7,055.98$8,660.78
Cash to close$544,919$112,000$112,000