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$490,884$490,884$1,057,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$566,616$0
Funding fee$2,454$2,454$0
Note rate2.830%2.830%7.320%
Blended rate2.830%5.466%7.560%
1st payment$2,316.76$2,316.76$7,264.29
2nd payment$0.00$3,659.40$0.00
Taxes / mo$603.08$603.08$603.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$211.50
HOA / mo$103.00$103.00$103.00
Total monthly$3,239.51$6,898.90$8,398.54
Cash to close$684,116$117,500$117,500