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$590,491$590,491$1,152,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$561,509$0
Funding fee$2,952$2,952$0
Note rate2.670%2.670%7.320%
Blended rate2.670%5.146%7.560%
1st payment$2,745.29$2,745.29$7,913.44
2nd payment$0.00$3,626.41$0.00
Taxes / mo$363.83$363.83$363.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$230.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,325.79$6,952.20$8,724.34
Cash to close$689,509$128,000$128,000