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$665,999$665,999$2,160,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$1,494,001$0
Funding fee$3,330$3,330$0
Note rate2.900%2.900%7.400%
Blended rate2.900%6.255%7.640%
1st payment$3,212.53$3,212.53$14,955.40
2nd payment$0.00$9,648.76$0.00
Taxes / mo$528.25$528.25$528.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$432.00
HOA / mo$275.00$275.00$275.00
Total monthly$4,232.45$13,881.21$16,407.32
Cash to close$1,734,001$240,000$240,000