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$314,700$314,700$1,093,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$778,800$0
Funding fee$1,574$1,574$0
Note rate2.830%2.830%7.400%
Blended rate2.830%6.334%7.640%
1st payment$1,495.87$1,495.87$7,571.17
2nd payment$0.00$5,029.75$0.00
Taxes / mo$1,012.50$1,012.50$1,012.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$218.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,725.04$7,754.78$9,019.04
Cash to close$900,300$121,500$121,500