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$546,689$546,689$1,125,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$578,311$0
Funding fee$2,733$2,733$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.301%7.640%
1st payment$2,552.75$2,552.75$7,789.27
2nd payment$0.00$3,734.93$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$175.00$175.00$175.00
Total monthly$3,986.08$7,721.01$9,447.61
Cash to close$703,311$125,000$125,000