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$583,666$583,666$1,575,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$991,334$0
Funding fee$2,918$2,918$0
Note rate3.850%3.850%7.400%
Blended rate3.850%6.305%7.640%
1st payment$3,121.36$3,121.36$10,904.98
2nd payment$0.00$6,402.37$0.00
Taxes / mo$894.92$894.92$894.92
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$4,232.94$10,635.31$12,331.57
Cash to close$1,166,334$175,000$175,000