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$700,271$700,271$2,015,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$1,315,728$0
Funding fee$3,501$3,501$0
Note rate2.990%2.990%7.400%
Blended rate2.990%6.097%7.640%
1st payment$3,402.20$3,402.20$13,958.37
2nd payment$0.00$8,497.41$0.00
Taxes / mo$1,866.67$1,866.67$1,866.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$403.20
HOA / mo$134.00$134.00$134.00
Total monthly$5,619.54$14,116.95$16,578.90
Cash to close$1,539,728$224,000$224,000