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$463,090$463,090$1,124,910
Remaining term (yrs)19.619.630.0
Secondary amount$0$661,820$0
Funding fee$2,315$2,315$0
Note rate3.180%3.180%7.400%
Blended rate3.180%5.869%7.640%
1st payment$2,633.87$2,633.87$7,788.65
2nd payment$0.00$4,274.26$0.00
Taxes / mo$1,041.58$1,041.58$1,041.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,892.12$8,166.38$9,271.88
Cash to close$786,810$124,990$124,990