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$946,850$946,850$1,791,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$844,150$0
Funding fee$4,734$4,734$0
Note rate2.750%2.750%7.400%
Blended rate2.750%5.107%7.640%
1st payment$4,409.00$4,409.00$12,400.52
2nd payment$0.00$5,451.80$0.00
Taxes / mo$1,658.33$1,658.33$1,658.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$358.20
HOA / mo$0.00$0.00$0.00
Total monthly$6,284.00$11,735.81$14,633.72
Cash to close$1,043,150$199,000$199,000