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$461,669$461,669$1,087,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$625,531$0
Funding fee$2,308$2,308$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.648%7.640%
1st payment$2,136.65$2,136.65$7,527.55
2nd payment$0.00$4,039.89$0.00
Taxes / mo$1,006.67$1,006.67$1,006.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$217.44
HOA / mo$0.00$0.00$0.00
Total monthly$3,359.98$7,399.87$8,968.33
Cash to close$746,331$120,800$120,800