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$940,459$940,459$1,305,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$364,541$0
Funding fee$4,702$4,702$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.305%7.640%
1st payment$4,495.97$4,495.97$9,035.56
2nd payment$0.00$2,354.32$0.00
Taxes / mo$1,208.33$1,208.33$1,208.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,920.97$8,275.29$10,721.56
Cash to close$509,541$145,000$145,000