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$581,359$581,359$1,259,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$677,741$0
Funding fee$2,907$2,907$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.497%7.640%
1st payment$2,781.92$2,781.92$8,717.75
2nd payment$0.00$4,377.08$0.00
Taxes / mo$1,165.83$1,165.83$1,165.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,164.42$8,541.50$10,352.07
Cash to close$817,641$139,900$139,900