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$474,334$474,334$1,030,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$556,166$0
Funding fee$2,372$2,372$0
Note rate3.050%3.050%7.400%
Blended rate3.050%5.587%7.640%
1st payment$2,241.86$2,241.86$7,134.97
2nd payment$0.00$3,591.91$0.00
Taxes / mo$371.00$371.00$371.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.10
HOA / mo$7.08$7.08$7.08
Total monthly$2,836.61$6,428.51$7,935.82
Cash to close$670,666$114,500$114,500