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$1,842,772$1,842,772$2,610,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$767,228$0
Funding fee$9,214$9,214$0
Note rate3.720%3.720%7.400%
Blended rate3.720%4.905%7.640%
1st payment$9,768.15$9,768.15$18,071.11
2nd payment$0.00$4,955.02$0.00
Taxes / mo$2,416.67$2,416.67$2,416.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$522.00
HOA / mo$0.00$0.00$0.00
Total monthly$12,401.49$17,356.50$21,226.45
Cash to close$1,057,228$290,000$290,000