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$473,128$473,128$1,214,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$740,972$0
Funding fee$2,366$2,366$0
Note rate2.700%2.700%7.400%
Blended rate2.700%5.782%7.640%
1st payment$2,196.29$2,196.29$8,406.18
2nd payment$0.00$4,785.44$0.00
Taxes / mo$167.83$167.83$167.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$242.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,580.79$7,366.23$9,033.50
Cash to close$875,872$134,900$134,900