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$954,451$954,451$1,484,996
Remaining term (yrs)24.724.730.0
Secondary amount$0$530,544$0
Funding fee$4,772$4,772$0
Note rate2.970%2.970%7.320%
Blended rate2.970%4.678%7.560%
1st payment$4,531.67$4,531.67$10,200.89
2nd payment$0.00$3,426.43$0.00
Taxes / mo$1,375.00$1,375.00$1,375.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,123.33$9,549.76$12,089.55
Cash to close$695,544$165,000$165,000