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$544,068$544,068$1,395,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$850,932$0
Funding fee$2,720$2,720$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.897%7.640%
1st payment$2,609.43$2,609.43$9,658.70
2nd payment$0.00$5,495.61$0.00
Taxes / mo$488.83$488.83$488.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$279.00
HOA / mo$225.00$225.00$225.00
Total monthly$3,539.93$9,035.54$10,868.20
Cash to close$1,005,932$155,000$155,000