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$1,638,189$1,638,189$3,825,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$2,186,811$0
Funding fee$8,191$8,191$0
Note rate2.760%2.760%7.400%
Blended rate2.760%5.613%7.640%
1st payment$7,548.07$7,548.07$26,483.53
2nd payment$0.00$14,123.16$0.00
Taxes / mo$3,541.67$3,541.67$3,541.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$765.00
HOA / mo$502.00$502.00$502.00
Total monthly$11,808.41$25,931.56$31,508.86
Cash to close$2,611,811$425,000$425,000