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$416,885$416,885$1,075,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$658,615$0
Funding fee$2,084$2,084$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.901%7.640%
1st payment$2,018.48$2,018.48$7,446.54
2nd payment$0.00$4,253.56$0.00
Taxes / mo$995.83$995.83$995.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,230.98$7,484.53$8,874.14
Cash to close$778,115$119,500$119,500