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$491,399$491,399$1,124,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$632,701$0
Funding fee$2,457$2,457$0
Note rate3.090%3.090%7.400%
Blended rate3.090%5.713%7.640%
1st payment$2,332.81$2,332.81$7,783.04
2nd payment$0.00$4,086.19$0.00
Taxes / mo$1,040.83$1,040.83$1,040.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.82
HOA / mo$480.00$480.00$480.00
Total monthly$4,070.31$8,156.50$9,745.36
Cash to close$757,601$124,900$124,900