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$565,465$565,465$1,286,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$720,635$0
Funding fee$2,827$2,827$0
Note rate3.650%3.650%7.400%
Blended rate3.650%5.947%7.640%
1st payment$2,989.50$2,989.50$8,904.70
2nd payment$0.00$4,654.10$0.00
Taxes / mo$1,190.83$1,190.83$1,190.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$257.22
HOA / mo$78.00$78.00$78.00
Total monthly$4,475.00$9,129.10$10,647.42
Cash to close$863,535$142,900$142,900