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$627,850$627,850$1,147,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$519,650$0
Funding fee$3,139$3,139$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.074%7.640%
1st payment$3,001.18$3,001.18$7,945.06
2nd payment$0.00$3,356.07$0.00
Taxes / mo$1,062.50$1,062.50$1,062.50
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$4,280.34$7,636.41$9,453.72
Cash to close$647,150$127,500$127,500