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$643,318$643,318$1,789,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$1,145,882$0
Funding fee$3,217$3,217$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.959%7.640%
1st payment$2,967.43$2,967.43$12,388.06
2nd payment$0.00$7,400.49$0.00
Taxes / mo$1,656.67$1,656.67$1,656.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$357.84
HOA / mo$705.00$705.00$705.00
Total monthly$5,545.77$12,946.25$15,324.23
Cash to close$1,344,682$198,800$198,800