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$678,636$678,636$1,102,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$423,864$0
Funding fee$3,393$3,393$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.752%7.640%
1st payment$3,175.97$3,175.97$7,633.49
2nd payment$0.00$2,737.45$0.00
Taxes / mo$1,020.83$1,020.83$1,020.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$275.00$275.00$275.00
Total monthly$4,688.47$7,425.93$9,366.49
Cash to close$546,364$122,500$122,500