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$1,540,510$1,540,510$1,799,996
Remaining term (yrs)28.428.430.0
Secondary amount$0$259,486$0
Funding fee$7,703$7,703$0
Note rate6.850%6.850%7.400%
Blended rate6.850%6.980%7.640%
1st payment$10,248.33$10,248.33$12,462.81
2nd payment$0.00$1,675.85$0.00
Taxes / mo$1,666.66$1,666.66$1,666.66
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$360.00
HOA / mo$0.00$0.00$0.00
Total monthly$12,131.66$13,807.51$14,706.13
Cash to close$459,485$200,000$200,000