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$602,969$602,969$2,038,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$1,435,531$0
Funding fee$3,015$3,015$0
Note rate4.980%4.980%7.320%
Blended rate4.980%6.931%7.560%
1st payment$3,466.40$3,466.40$14,003.08
2nd payment$0.00$9,271.14$0.00
Taxes / mo$575.55$575.55$575.55
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$407.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,258.62$13,529.75$15,202.99
Cash to close$1,662,031$226,500$226,500