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$504,731$504,731$1,440,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$935,269$0
Funding fee$2,524$2,524$0
Note rate2.880%2.880%7.400%
Blended rate2.880%6.043%7.640%
1st payment$2,412.08$2,412.08$9,970.27
2nd payment$0.00$6,040.28$0.00
Taxes / mo$1,333.33$1,333.33$1,333.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,962.08$10,002.36$11,808.27
Cash to close$1,095,269$160,000$160,000