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$507,481$507,481$1,035,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$527,519$0
Funding fee$2,537$2,537$0
Note rate3.850%3.850%7.400%
Blended rate3.850%5.838%7.640%
1st payment$2,713.93$2,713.93$7,166.13
2nd payment$0.00$3,406.90$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,888.93$7,295.83$8,548.13
Cash to close$642,519$115,000$115,000