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$599,329$599,329$1,575,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$975,671$0
Funding fee$2,997$2,997$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.904%7.560%
1st payment$2,830.36$2,830.36$10,819.16
2nd payment$0.00$6,301.21$0.00
Taxes / mo$612.92$612.92$612.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$315.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,659.95$9,961.16$11,963.74
Cash to close$1,150,671$175,000$175,000