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$539,584$539,584$1,080,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$540,416$0
Funding fee$2,698$2,698$0
Note rate3.100%3.100%7.320%
Blended rate3.100%5.427%7.560%
1st payment$2,610.10$2,610.10$7,418.85
2nd payment$0.00$3,490.19$0.00
Taxes / mo$1,222.75$1,222.75$1,222.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,049.51$7,539.70$9,074.27
Cash to close$660,416$120,000$120,000