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$698,575$698,575$1,170,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$471,425$0
Funding fee$3,493$3,493$0
Note rate3.130%3.130%7.400%
Blended rate3.130%4.992%7.640%
1st payment$3,452.69$3,452.69$8,100.84
2nd payment$0.00$3,044.62$0.00
Taxes / mo$419.25$419.25$419.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$9.17$9.17$9.17
Total monthly$4,097.77$7,142.40$8,979.93
Cash to close$601,425$130,000$130,000