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$969,542$969,542$1,417,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$447,958$0
Funding fee$4,848$4,848$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.877%7.640%
1st payment$4,810.74$4,810.74$9,814.48
2nd payment$0.00$2,893.06$0.00
Taxes / mo$1,312.50$1,312.50$1,312.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$283.50
HOA / mo$0.00$0.00$0.00
Total monthly$6,339.91$9,232.97$11,627.15
Cash to close$605,458$157,500$157,500