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$1,284,212$1,284,212$1,687,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$403,288$0
Funding fee$6,421$6,421$0
Note rate6.160%6.160%7.400%
Blended rate6.160%6.540%7.640%
1st payment$8,233.32$8,233.32$11,683.91
2nd payment$0.00$2,604.57$0.00
Taxes / mo$1,042.25$1,042.25$1,042.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$337.50
HOA / mo$455.00$455.00$455.00
Total monthly$9,947.24$12,551.81$13,735.33
Cash to close$590,788$187,500$187,500