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$510,929$510,929$1,484,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$973,171$0
Funding fee$2,555$2,555$0
Note rate2.720%2.720%7.400%
Blended rate2.720%6.018%7.640%
1st payment$2,394.13$2,394.13$10,275.61
2nd payment$0.00$6,285.06$0.00
Taxes / mo$1,374.17$1,374.17$1,374.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,984.97$10,270.03$12,163.26
Cash to close$1,138,071$164,900$164,900