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$671,824$671,824$1,953,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$1,281,176$0
Funding fee$3,359$3,359$0
Note rate2.660%2.660%7.400%
Blended rate2.660%5.999%7.640%
1st payment$3,104.99$3,104.99$13,522.18
2nd payment$0.00$8,274.26$0.00
Taxes / mo$165.17$165.17$165.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$390.60
HOA / mo$250.00$250.00$250.00
Total monthly$3,736.82$12,011.08$14,544.61
Cash to close$1,498,176$217,000$217,000