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$604,405$604,405$1,034,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$429,695$0
Funding fee$3,022$3,022$0
Note rate2.375%2.375%7.400%
Blended rate2.375%4.608%7.640%
1st payment$2,734.20$2,734.20$7,159.90
2nd payment$0.00$2,775.11$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$146.00$146.00$146.00
Total monthly$4,054.37$6,829.48$8,686.89
Cash to close$544,595$114,900$114,900