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$642,596$642,596$1,033,200
Remaining term (yrs)24.524.530.0
Secondary amount$0$390,604$0
Funding fee$3,213$3,213$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.796%7.640%
1st payment$3,074.94$3,074.94$7,153.67
2nd payment$0.00$2,522.65$0.00
Taxes / mo$956.67$956.67$956.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.64
HOA / mo$0.00$0.00$0.00
Total monthly$4,248.28$6,770.93$8,533.64
Cash to close$505,404$114,800$114,800