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$563,023$563,023$1,799,550
Remaining term (yrs)9.09.030.0
Secondary amount$0$1,236,527$0
Funding fee$2,815$2,815$0
Note rate3.040%3.040%7.400%
Blended rate3.040%6.276%7.640%
1st payment$5,871.07$5,871.07$12,459.72
2nd payment$0.00$7,985.90$0.00
Taxes / mo$533.92$533.92$533.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$359.91
HOA / mo$74.00$74.00$74.00
Total monthly$6,695.66$14,681.56$13,644.21
Cash to close$1,436,477$199,950$199,950