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$661,876$661,876$1,125,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$463,124$0
Funding fee$3,309$3,309$0
Note rate2.990%2.990%7.320%
Blended rate2.990%4.950%7.560%
1st payment$3,223.29$3,223.29$7,727.97
2nd payment$0.00$2,991.01$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$16.08$16.08$16.08
Total monthly$4,497.71$7,488.72$9,227.38
Cash to close$588,124$125,000$125,000