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$1,043,649$1,043,649$1,890,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$846,351$0
Funding fee$5,218$5,218$0
Note rate6.000%6.000%7.400%
Blended rate6.000%6.784%7.640%
1st payment$6,295.28$6,295.28$13,085.98
2nd payment$0.00$5,466.01$0.00
Taxes / mo$1,750.00$1,750.00$1,750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$378.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,261.95$13,727.96$15,430.64
Cash to close$1,056,351$210,000$210,000