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$1,028,852$1,028,852$1,305,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$276,148$0
Funding fee$5,144$5,144$0
Note rate2.870%2.870%7.400%
Blended rate2.870%3.903%7.640%
1st payment$4,809.65$4,809.65$9,035.56
2nd payment$0.00$1,783.45$0.00
Taxes / mo$1,208.33$1,208.33$1,208.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,234.65$8,018.11$10,721.56
Cash to close$421,148$145,000$145,000