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$765,830$765,830$1,575,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$809,170$0
Funding fee$3,829$3,829$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.329%7.640%
1st payment$3,540.70$3,540.70$10,904.98
2nd payment$0.00$5,225.89$0.00
Taxes / mo$1,458.33$1,458.33$1,458.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$315.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,215.70$10,441.59$12,894.98
Cash to close$984,170$175,000$175,000