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$899,924$899,924$1,169,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$269,176$0
Funding fee$4,500$4,500$0
Note rate2.780%2.780%7.240%
Blended rate2.780%3.924%7.480%
1st payment$4,155.70$4,155.70$7,967.39
2nd payment$0.00$1,738.43$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,454.86$7,193.29$9,500.38
Cash to close$399,076$129,900$129,900