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$299,298$299,298$1,079,100
Remaining term (yrs)16.016.030.0
Secondary amount$0$779,802$0
Funding fee$1,496$1,496$0
Note rate3.400%3.400%7.400%
Blended rate3.400%6.543%7.640%
1st payment$2,007.56$2,007.56$7,471.47
2nd payment$0.00$5,036.22$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,223.39$8,259.61$8,903.12
Cash to close$899,702$119,900$119,900