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$1,413,829$1,413,829$2,205,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$791,171$0
Funding fee$7,069$7,069$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.839%7.640%
1st payment$6,772.34$6,772.34$15,266.97
2nd payment$0.00$5,109.65$0.00
Taxes / mo$2,041.67$2,041.67$2,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$441.00
HOA / mo$0.00$0.00$0.00
Total monthly$9,030.67$14,140.32$17,966.31
Cash to close$1,036,171$245,000$245,000