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$1,009,050$1,009,050$1,102,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$93,450$0
Funding fee$5,045$5,045$0
Note rate2.830%2.830%7.400%
Blended rate2.830%3.353%7.640%
1st payment$4,784.90$4,784.90$7,633.49
2nd payment$0.00$700.88$0.00
Taxes / mo$619.67$619.67$619.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$4.17$4.17$4.17
Total monthly$5,625.40$6,326.28$8,694.49
Cash to close$215,950$122,500$122,500