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$717,756$717,756$1,080,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$362,244$0
Funding fee$3,589$3,589$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.440%7.640%
1st payment$3,365.46$3,365.46$7,477.70
2nd payment$0.00$2,339.49$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$76.00$76.00$76.00
Total monthly$4,658.12$6,997.62$8,986.37
Cash to close$482,244$120,000$120,000