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$485,271$485,271$1,080,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$594,729$0
Funding fee$2,426$2,426$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.521%7.640%
1st payment$2,280.33$2,280.33$7,477.70
2nd payment$0.00$3,840.96$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$320.00$320.00$320.00
Total monthly$3,817.00$7,657.95$9,230.37
Cash to close$714,729$120,000$120,000