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$618,379$618,379$1,615,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$997,121$0
Funding fee$3,092$3,092$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.890%7.640%
1st payment$2,917.14$2,917.14$11,185.40
2nd payment$0.00$6,439.74$0.00
Taxes / mo$1,495.83$1,495.83$1,495.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,629.64$11,069.38$13,221.00
Cash to close$1,176,621$179,500$179,500