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$674,640$674,640$1,417,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$742,860$0
Funding fee$3,373$3,373$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.432%7.640%
1st payment$3,247.30$3,247.30$9,814.48
2nd payment$0.00$4,797.64$0.00
Taxes / mo$668.50$668.50$668.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$283.50
HOA / mo$7.50$7.50$7.50
Total monthly$4,139.96$8,937.60$10,990.65
Cash to close$900,360$157,500$157,500