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$213,736$213,736$1,080,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$866,264$0
Funding fee$1,069$1,069$0
Note rate3.240%3.240%7.400%
Blended rate3.240%6.857%7.640%
1st payment$1,073.60$1,073.60$7,477.70
2nd payment$0.00$5,594.62$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$350.00$350.00$350.00
Total monthly$2,640.27$8,234.89$9,260.37
Cash to close$986,264$120,000$120,000