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$636,528$636,528$1,034,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$397,572$0
Funding fee$3,183$3,183$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.752%7.560%
1st payment$2,972.15$2,972.15$7,103.55
2nd payment$0.00$2,567.65$0.00
Taxes / mo$798.75$798.75$798.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,987.57$6,555.22$8,325.79
Cash to close$512,472$114,900$114,900