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$647,444$647,444$1,169,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$521,656$0
Funding fee$3,237$3,237$0
Note rate2.850%2.850%7.400%
Blended rate2.850%5.036%7.640%
1st payment$3,055.12$3,055.12$8,094.61
2nd payment$0.00$3,369.03$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,354.28$7,723.31$9,627.60
Cash to close$651,556$129,900$129,900