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$610,107$610,107$1,021,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$411,393$0
Funding fee$3,051$3,051$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.794%7.640%
1st payment$2,890.67$2,890.67$7,072.66
2nd payment$0.00$2,656.91$0.00
Taxes / mo$945.83$945.83$945.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$204.30
HOA / mo$146.00$146.00$146.00
Total monthly$4,199.17$6,856.08$8,585.46
Cash to close$524,893$113,500$113,500