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$455,370$455,370$1,079,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$623,730$0
Funding fee$2,277$2,277$0
Note rate3.640%3.640%7.320%
Blended rate3.640%6.016%7.560%
1st payment$2,426.94$2,426.94$7,412.67
2nd payment$0.00$4,028.26$0.00
Taxes / mo$442.58$442.58$442.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$50.00$50.00$50.00
Total monthly$3,136.19$7,164.45$8,337.74
Cash to close$743,630$119,900$119,900