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$683,059$683,059$1,799,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$1,116,041$0
Funding fee$3,415$3,415$0
Note rate3.040%3.040%7.400%
Blended rate3.040%5.962%7.640%
1st payment$3,275.33$3,275.33$12,456.60
2nd payment$0.00$7,207.77$0.00
Taxes / mo$1,665.83$1,665.83$1,665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$359.82
HOA / mo$285.00$285.00$285.00
Total monthly$5,442.83$12,650.60$14,983.92
Cash to close$1,315,941$199,900$199,900