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$496,534$496,534$1,798,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$1,301,666$0
Funding fee$2,483$2,483$0
Note rate2.375%2.375%7.400%
Blended rate2.375%6.266%7.640%
1st payment$2,201.79$2,201.79$12,450.37
2nd payment$0.00$8,406.59$0.00
Taxes / mo$1,033.55$1,033.55$1,033.55
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$359.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,452.00$11,858.60$14,060.23
Cash to close$1,501,466$199,800$199,800