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$1,006,954$1,006,954$1,709,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$702,146$0
Funding fee$5,035$5,035$0
Note rate3.480%3.480%7.400%
Blended rate3.480%5.234%7.640%
1st payment$5,220.61$5,220.61$11,833.46
2nd payment$0.00$4,534.69$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$385.00$385.00$385.00
Total monthly$7,404.78$11,939.47$14,359.45
Cash to close$892,046$189,900$189,900