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$406,461$406,461$1,080,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$673,539$0
Funding fee$2,032$2,032$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.962%7.640%
1st payment$1,981.54$1,981.54$7,477.70
2nd payment$0.00$4,349.94$0.00
Taxes / mo$59.33$59.33$59.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,257.54$6,607.48$7,969.70
Cash to close$793,539$120,000$120,000