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$888,037$888,037$1,845,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$956,963$0
Funding fee$4,440$4,440$0
Note rate2.870%2.870%7.320%
Blended rate2.870%5.401%7.560%
1st payment$4,132.57$4,132.57$12,673.87
2nd payment$0.00$6,180.39$0.00
Taxes / mo$559.92$559.92$559.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$369.00
HOA / mo$165.00$165.00$165.00
Total monthly$5,074.15$11,254.54$13,984.45
Cash to close$1,161,963$205,000$205,000