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$583,394$583,394$1,214,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$630,706$0
Funding fee$2,917$2,917$0
Note rate3.040%3.040%7.400%
Blended rate3.040%5.487%7.640%
1st payment$2,797.43$2,797.43$8,406.18
2nd payment$0.00$4,073.31$0.00
Taxes / mo$392.08$392.08$392.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$242.82
HOA / mo$26.42$26.42$26.42
Total monthly$3,432.60$7,505.91$9,284.17
Cash to close$765,606$134,900$134,900