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$1,739,156$1,739,156$2,002,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$263,344$0
Funding fee$8,696$8,696$0
Note rate3.510%3.510%7.400%
Blended rate3.510%4.068%7.640%
1st payment$8,591.91$8,591.91$13,864.91
2nd payment$0.00$1,700.76$0.00
Taxes / mo$1,854.17$1,854.17$1,854.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$400.50
HOA / mo$3.33$3.33$3.33
Total monthly$10,666.08$12,366.84$16,339.57
Cash to close$485,844$222,500$222,500