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$568,535$568,535$2,056,500
Remaining term (yrs)10.410.430.0
Secondary amount$0$1,487,965$0
Funding fee$2,843$2,843$0
Note rate8.099%8.099%7.400%
Blended rate8.099%7.846%7.640%
1st payment$6,713.76$6,713.76$14,238.79
2nd payment$0.00$9,609.77$0.00
Taxes / mo$1,904.17$1,904.17$1,904.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$411.30
HOA / mo$0.00$0.00$0.00
Total monthly$8,834.60$18,444.37$16,770.92
Cash to close$1,716,465$228,500$228,500