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$628,512$628,512$1,034,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$405,588$0
Funding fee$3,143$3,143$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.972%7.560%
1st payment$3,115.58$3,115.58$7,103.55
2nd payment$0.00$2,619.42$0.00
Taxes / mo$957.50$957.50$957.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.82
HOA / mo$55.00$55.00$55.00
Total monthly$4,344.74$6,964.17$8,539.54
Cash to close$520,488$114,900$114,900