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$596,037$596,037$1,034,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$438,063$0
Funding fee$2,980$2,980$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.012%7.640%
1st payment$2,852.15$2,852.15$7,159.90
2nd payment$0.00$2,829.16$0.00
Taxes / mo$69.80$69.80$69.80
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.82
HOA / mo$81.33$81.33$81.33
Total monthly$3,219.94$6,049.10$7,734.51
Cash to close$552,963$114,900$114,900