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$399,620$399,620$1,255,500
Remaining term (yrs)17.717.730.0
Secondary amount$0$855,880$0
Funding fee$1,998$1,998$0
Note rate3.620%3.620%7.400%
Blended rate3.620%6.435%7.640%
1st payment$2,537.27$2,537.27$8,692.83
2nd payment$0.00$5,527.56$0.00
Taxes / mo$1,162.50$1,162.50$1,162.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,916.44$9,444.00$10,323.10
Cash to close$995,380$139,500$139,500