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$541,436$541,436$1,125,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$583,564$0
Funding fee$2,707$2,707$0
Note rate2.720%2.720%7.400%
Blended rate2.720%5.329%7.640%
1st payment$2,524.91$2,524.91$7,789.27
2nd payment$0.00$3,768.85$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$125.00$125.00$125.00
Total monthly$3,908.25$7,677.10$9,397.61
Cash to close$708,564$125,000$125,000