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$424,501$424,501$1,012,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$587,999$0
Funding fee$2,123$2,123$0
Note rate3.360%3.360%7.400%
Blended rate3.360%5.909%7.640%
1st payment$2,168.96$2,168.96$7,010.35
2nd payment$0.00$3,797.49$0.00
Taxes / mo$160.50$160.50$160.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,546.12$6,343.62$7,590.01
Cash to close$700,499$112,500$112,500