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$588,265$588,265$990,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$401,735$0
Funding fee$2,941$2,941$0
Note rate3.560%3.560%7.320%
Blended rate3.560%5.260%7.560%
1st payment$2,927.94$2,927.94$6,800.61
2nd payment$0.00$2,594.54$0.00
Taxes / mo$1,015.08$1,015.08$1,015.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$178.33$178.33$178.33
Total monthly$4,338.02$6,932.55$8,408.69
Cash to close$511,735$110,000$110,000