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$494,475$494,475$1,484,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$989,625$0
Funding fee$2,472$2,472$0
Note rate6.810%6.810%7.240%
Blended rate6.810%7.437%7.480%
1st payment$3,270.34$3,270.34$10,114.11
2nd payment$0.00$6,391.33$0.00
Taxes / mo$1,374.17$1,374.17$1,374.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,861.18$11,252.50$12,001.77
Cash to close$1,154,525$164,900$164,900