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$585,348$585,348$1,008,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$422,652$0
Funding fee$2,927$2,927$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.986%7.640%
1st payment$2,850.61$2,850.61$6,979.19
2nd payment$0.00$2,729.63$0.00
Taxes / mo$933.33$933.33$933.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$201.60
HOA / mo$200.00$200.00$200.00
Total monthly$4,200.61$6,930.24$8,530.79
Cash to close$534,652$112,000$112,000