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$455,370$455,370$1,125,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$669,630$0
Funding fee$2,277$2,277$0
Note rate3.640%3.640%7.320%
Blended rate3.640%6.086%7.560%
1st payment$2,426.94$2,426.94$7,727.97
2nd payment$0.00$4,324.70$0.00
Taxes / mo$442.58$442.58$442.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$50.00$50.00$50.00
Total monthly$3,136.19$7,460.89$8,662.22
Cash to close$794,630$125,000$125,000