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$565,443$565,443$1,143,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$577,557$0
Funding fee$2,827$2,827$0
Note rate3.550%3.550%7.400%
Blended rate3.550%5.672%7.640%
1st payment$2,811.29$2,811.29$7,913.90
2nd payment$0.00$3,730.06$0.00
Taxes / mo$1,058.33$1,058.33$1,058.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$228.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,086.29$7,816.35$9,417.50
Cash to close$704,557$127,000$127,000