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$545,346$545,346$1,080,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$534,654$0
Funding fee$2,727$2,727$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.341%7.640%
1st payment$2,586.24$2,586.24$7,477.70
2nd payment$0.00$3,452.98$0.00
Taxes / mo$456.92$456.92$456.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,259.82$6,712.80$8,367.29
Cash to close$654,654$120,000$120,000