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$176,945$176,945$732,150
Remaining term (yrs)24.024.030.0
Secondary amount$0$555,205$0
Funding fee$885$885$0
Note rate3.020%3.020%7.320%
Blended rate3.020%6.607%7.560%
1st payment$860.39$860.39$5,029.36
2nd payment$0.00$3,585.70$0.00
Taxes / mo$7,496.25$7,496.25$7,496.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.43
HOA / mo$0.00$0.00$0.00
Total monthly$8,573.31$12,159.01$12,888.71
Cash to close$636,555$81,350$81,350