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$1,104,735$1,104,735$1,574,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$470,264$0
Funding fee$5,524$5,524$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.299%7.640%
1st payment$5,238.64$5,238.64$10,904.98
2nd payment$0.00$3,037.12$0.00
Taxes / mo$1,458.33$1,458.33$1,458.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$315.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,913.64$9,950.76$12,894.97
Cash to close$645,264$175,000$175,000