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$719,181$719,181$1,035,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$315,819$0
Funding fee$3,596$3,596$0
Note rate2.980%2.980%7.240%
Blended rate2.980%4.436%7.480%
1st payment$3,490.37$3,490.37$7,053.51
2nd payment$0.00$2,039.66$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$94.00$94.00$94.00
Total monthly$4,759.37$6,799.03$8,529.51
Cash to close$430,819$115,000$115,000