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$172,540$172,540$719,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$547,370$0
Funding fee$863$863$0
Note rate3.020%3.020%7.400%
Blended rate3.020%6.616%7.640%
1st payment$827.43$827.43$4,984.51
2nd payment$0.00$3,535.10$0.00
Taxes / mo$49.25$49.25$49.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.98
HOA / mo$19.33$19.33$19.33
Total monthly$1,112.67$4,647.77$5,413.74
Cash to close$627,360$79,990$79,990