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$568,688$568,688$1,573,920
Remaining term (yrs)23.923.930.0
Secondary amount$0$1,005,232$0
Funding fee$2,843$2,843$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.990%7.640%
1st payment$2,730.73$2,730.73$10,897.50
2nd payment$0.00$6,492.12$0.00
Taxes / mo$504.17$504.17$504.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$314.78
HOA / mo$420.00$420.00$420.00
Total monthly$3,871.57$10,363.69$12,353.12
Cash to close$1,180,112$174,880$174,880