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$522,857$522,857$1,411,200
Remaining term (yrs)22.822.830.0
Secondary amount$0$888,343$0
Funding fee$2,614$2,614$0
Note rate3.730%3.730%7.400%
Blended rate3.730%6.261%7.640%
1st payment$2,831.07$2,831.07$9,770.86
2nd payment$0.00$5,737.21$0.00
Taxes / mo$1,306.67$1,306.67$1,306.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$282.24
HOA / mo$0.00$0.00$0.00
Total monthly$4,354.40$10,091.62$11,576.44
Cash to close$1,045,143$156,800$156,800