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$600,878$600,878$1,394,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$793,222$0
Funding fee$3,004$3,004$0
Note rate4.070%4.070%7.400%
Blended rate4.070%6.164%7.640%
1st payment$3,363.60$3,363.60$9,652.47
2nd payment$0.00$5,122.89$0.00
Taxes / mo$1,290.83$1,290.83$1,290.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$278.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,871.10$9,993.99$11,438.79
Cash to close$948,122$154,900$154,900