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$466,517$466,517$1,485,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$1,018,483$0
Funding fee$2,333$2,333$0
Note rate2.990%2.990%7.240%
Blended rate2.990%6.255%7.480%
1st payment$2,219.83$2,219.83$10,120.25
2nd payment$0.00$6,577.70$0.00
Taxes / mo$1,375.00$1,375.00$1,375.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,811.50$10,389.20$12,008.91
Cash to close$1,183,483$165,000$165,000