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$885,227$885,227$1,012,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$127,273$0
Funding fee$4,426$4,426$0
Note rate2.780%2.780%7.400%
Blended rate2.780%3.436%7.640%
1st payment$4,097.25$4,097.25$7,010.35
2nd payment$0.00$848.49$0.00
Taxes / mo$418.83$418.83$418.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$16.67$16.67$16.67
Total monthly$4,749.42$5,597.91$7,865.02
Cash to close$239,773$112,500$112,500