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$420,496$420,496$1,255,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$835,004$0
Funding fee$2,102$2,102$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.402%7.640%
1st payment$2,816.30$2,816.30$8,692.83
2nd payment$0.00$5,392.73$0.00
Taxes / mo$557.42$557.42$557.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,590.39$8,983.12$9,718.01
Cash to close$974,504$139,500$139,500