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$416,988$416,988$1,079,954
Remaining term (yrs)24.124.130.0
Secondary amount$0$662,966$0
Funding fee$2,085$2,085$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.873%7.640%
1st payment$1,994.90$1,994.90$7,477.38
2nd payment$0.00$4,281.66$0.00
Taxes / mo$999.96$999.96$999.96
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.99
HOA / mo$0.00$0.00$0.00
Total monthly$3,211.53$7,493.18$8,910.00
Cash to close$782,961$119,995$119,995