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$697,046$697,046$1,075,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$378,454$0
Funding fee$3,485$3,485$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.535%7.640%
1st payment$3,275.48$3,275.48$7,446.54
2nd payment$0.00$2,444.18$0.00
Taxes / mo$995.83$995.83$995.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.10
HOA / mo$230.00$230.00$230.00
Total monthly$4,717.98$7,162.16$9,104.14
Cash to close$497,954$119,500$119,500