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$650,018$650,018$1,102,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$452,482$0
Funding fee$3,250$3,250$0
Note rate3.220%3.220%7.400%
Blended rate3.220%5.079%7.640%
1st payment$3,130.31$3,130.31$7,633.49
2nd payment$0.00$2,922.28$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$110.00$110.00$110.00
Total monthly$4,011.15$6,933.42$8,734.82
Cash to close$574,982$122,500$122,500