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$1,122,817$1,122,817$1,665,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$542,183$0
Funding fee$5,614$5,614$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.466%7.640%
1st payment$5,219.18$5,219.18$11,528.12
2nd payment$0.00$3,501.60$0.00
Taxes / mo$1,541.67$1,541.67$1,541.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$333.00
HOA / mo$297.00$297.00$297.00
Total monthly$7,274.51$10,776.12$13,916.46
Cash to close$727,183$185,000$185,000