Dan Frey Home Loans
Call Dan

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$1,008,899$1,008,899$1,799,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$791,011$0
Funding fee$5,044$5,044$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.026%7.640%
1st payment$4,826.65$4,826.65$12,462.21
2nd payment$0.00$5,108.61$0.00
Taxes / mo$1,666.58$1,666.58$1,666.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$359.98
HOA / mo$0.00$0.00$0.00
Total monthly$6,709.90$11,818.51$14,705.45
Cash to close$991,001$199,990$199,990