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$1,338,254$1,338,254$2,250,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$911,746$0
Funding fee$6,691$6,691$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.913%7.640%
1st payment$6,360.88$6,360.88$15,578.55
2nd payment$0.00$5,888.36$0.00
Taxes / mo$2,083.33$2,083.33$2,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$450.00
HOA / mo$198.00$198.00$198.00
Total monthly$8,858.88$14,747.24$18,526.55
Cash to close$1,161,746$250,000$250,000