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$414,757$414,757$1,065,600
Remaining term (yrs)19.619.630.0
Secondary amount$0$650,843$0
Funding fee$2,074$2,074$0
Note rate2.360%2.360%7.320%
Blended rate2.360%5.652%7.560%
1st payment$2,191.13$2,191.13$7,319.93
2nd payment$0.00$4,203.36$0.00
Taxes / mo$986.67$986.67$986.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$213.12
HOA / mo$360.00$360.00$360.00
Total monthly$3,754.46$7,957.83$9,096.39
Cash to close$769,243$118,400$118,400