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$651,539$651,539$1,123,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$472,461$0
Funding fee$3,258$3,258$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.991%7.640%
1st payment$3,157.99$3,157.99$7,782.34
2nd payment$0.00$3,051.31$0.00
Taxes / mo$1,040.74$1,040.74$1,040.74
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,415.39$7,466.70$9,264.55
Cash to close$597,349$124,889$124,889