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$1,135,117$1,135,117$1,709,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$573,983$0
Funding fee$5,676$5,676$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.442%7.640%
1st payment$5,223.94$5,223.94$11,833.46
2nd payment$0.00$3,706.98$0.00
Taxes / mo$1,582.50$1,582.50$1,582.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$341.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,023.11$10,730.08$13,974.45
Cash to close$763,883$189,900$189,900