Dan Frey Home Loans
Call Dan

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$972,148$972,148$2,070,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$1,097,852$0
Funding fee$4,861$4,861$0
Note rate2.500%2.500%7.400%
Blended rate2.500%5.284%7.640%
1st payment$4,425.35$4,425.35$14,332.26
2nd payment$0.00$7,090.29$0.00
Taxes / mo$1,916.67$1,916.67$1,916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$414.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,558.69$13,648.98$16,879.60
Cash to close$1,327,852$230,000$230,000