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$586,665$586,665$1,080,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$493,335$0
Funding fee$2,933$2,933$0
Note rate3.500%3.500%7.320%
Blended rate3.500%5.441%7.560%
1st payment$2,918.79$2,918.79$7,418.85
2nd payment$0.00$3,186.12$0.00
Taxes / mo$717.33$717.33$717.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$557.33$557.33$557.33
Total monthly$4,410.12$7,596.24$9,126.18
Cash to close$613,335$120,000$120,000