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$428,174$428,174$1,574,943
Remaining term (yrs)24.624.630.0
Secondary amount$0$1,146,769$0
Funding fee$2,141$2,141$0
Note rate3.040%3.040%7.320%
Blended rate3.040%6.470%7.560%
1st payment$2,053.14$2,053.14$10,818.77
2nd payment$0.00$7,406.22$0.00
Taxes / mo$235.50$235.50$235.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$314.99
HOA / mo$0.00$0.00$0.00
Total monthly$2,505.31$9,911.52$11,585.92
Cash to close$1,321,763$174,994$174,994