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$359,194$359,194$1,007,100
Remaining term (yrs)20.020.030.0
Secondary amount$0$647,906$0
Funding fee$1,796$1,796$0
Note rate3.680%3.680%7.400%
Blended rate3.680%6.298%7.640%
1st payment$2,110.61$2,110.61$6,972.96
2nd payment$0.00$4,184.39$0.00
Taxes / mo$932.50$932.50$932.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$201.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,259.78$7,444.17$8,323.54
Cash to close$759,806$111,900$111,900