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$819,530$819,530$1,250,955
Remaining term (yrs)24.724.730.0
Secondary amount$0$431,425$0
Funding fee$4,098$4,098$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.599%7.640%
1st payment$3,878.34$3,878.34$8,661.36
2nd payment$0.00$2,786.29$0.00
Taxes / mo$1,158.29$1,158.29$1,158.29
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$250.19
HOA / mo$110.00$110.00$110.00
Total monthly$5,363.29$8,149.58$10,396.51
Cash to close$570,420$138,995$138,995