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$719,181$719,181$1,080,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$360,819$0
Funding fee$3,596$3,596$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.574%7.640%
1st payment$3,490.37$3,490.37$7,477.70
2nd payment$0.00$2,330.29$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$94.00$94.00$94.00
Total monthly$4,801.03$7,131.32$9,004.37
Cash to close$480,819$120,000$120,000