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$492,297$492,297$1,035,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$542,703$0
Funding fee$2,461$2,461$0
Note rate3.090%3.090%7.320%
Blended rate3.090%5.533%7.560%
1st payment$2,337.07$2,337.07$7,109.73
2nd payment$0.00$3,504.95$0.00
Taxes / mo$766.58$766.58$766.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,320.32$6,825.28$8,299.98
Cash to close$657,703$115,000$115,000