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$694,909$694,909$1,147,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$452,591$0
Funding fee$3,475$3,475$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.722%7.640%
1st payment$3,323.29$3,323.29$7,945.06
2nd payment$0.00$2,922.98$0.00
Taxes / mo$1,030.08$1,030.08$1,030.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,570.04$7,493.02$9,421.31
Cash to close$580,091$127,500$127,500