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$400,342$400,342$1,124,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$723,758$0
Funding fee$2,002$2,002$0
Note rate5.520%5.520%7.320%
Blended rate5.520%6.956%7.560%
1st payment$2,422.97$2,422.97$7,721.79
2nd payment$0.00$4,674.27$0.00
Taxes / mo$205.17$205.17$205.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,844.80$7,519.07$8,368.44
Cash to close$848,658$124,900$124,900