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$926,688$926,688$1,079,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$152,412$0
Funding fee$4,633$4,633$0
Note rate2.970%2.970%7.320%
Blended rate2.970%3.680%7.560%
1st payment$4,409.87$4,409.87$7,412.67
2nd payment$0.00$1,016.08$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,625.71$6,641.79$8,844.32
Cash to close$272,312$119,900$119,900