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$495,286$495,286$1,066,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$571,214$0
Funding fee$2,476$2,476$0
Note rate2.670%2.670%7.400%
Blended rate2.670%5.391%7.640%
1st payment$2,302.67$2,302.67$7,384.23
2nd payment$0.00$3,689.09$0.00
Taxes / mo$79.67$79.67$79.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$213.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,599.00$6,288.09$7,893.86
Cash to close$689,714$118,500$118,500