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$576,441$576,441$1,485,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$908,559$0
Funding fee$2,882$2,882$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.825%7.640%
1st payment$2,708.74$2,708.74$10,281.84
2nd payment$0.00$5,867.78$0.00
Taxes / mo$637.08$637.08$637.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,562.49$9,430.27$11,432.59
Cash to close$1,073,559$165,000$165,000