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$734,713$734,713$1,079,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$344,387$0
Funding fee$3,674$3,674$0
Note rate2.850%2.850%7.400%
Blended rate2.850%4.414%7.640%
1st payment$3,458.83$3,458.83$7,471.47
2nd payment$0.00$2,224.16$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$73.00$73.00$73.00
Total monthly$4,747.67$6,971.83$8,976.12
Cash to close$464,287$119,900$119,900