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$441,302$441,302$1,386,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$944,698$0
Funding fee$2,207$2,207$0
Note rate2.990%2.990%7.240%
Blended rate2.990%6.234%7.480%
1st payment$2,149.12$2,149.12$9,445.56
2nd payment$0.00$6,101.17$0.00
Taxes / mo$1,283.33$1,283.33$1,283.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$277.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,649.12$9,750.29$11,222.76
Cash to close$1,098,698$154,000$154,000