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$604,494$604,494$1,305,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$700,506$0
Funding fee$3,022$3,022$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.490%7.640%
1st payment$2,819.45$2,819.45$9,035.56
2nd payment$0.00$4,524.10$0.00
Taxes / mo$1,129.33$1,129.33$1,129.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$100.00$100.00$100.00
Total monthly$4,265.45$8,789.55$10,742.56
Cash to close$845,506$145,000$145,000