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$25,565$25,565$585,000
Remaining term (yrs)2.12.130.0
Secondary amount$0$559,435$0
Funding fee$128$128$0
Note rate3.240%3.240%7.400%
Blended rate3.240%7.553%7.640%
1st payment$983.06$983.06$4,050.42
2nd payment$0.00$3,613.02$0.00
Taxes / mo$210.42$210.42$210.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,360.14$4,973.16$4,544.51
Cash to close$624,435$65,000$65,000