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$947,997$947,997$1,044,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$96,003$0
Funding fee$4,740$4,740$0
Note rate3.750%3.750%7.320%
Blended rate3.750%4.233%7.560%
1st payment$4,797.64$4,797.64$7,171.56
2nd payment$0.00$720.02$0.00
Taxes / mo$343.00$343.00$343.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$208.80
HOA / mo$0.00$0.00$0.00
Total monthly$5,357.30$6,077.33$7,940.02
Cash to close$212,003$116,000$116,000