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$1,572,405$1,572,405$2,132,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$559,695$0
Funding fee$7,862$7,862$0
Note rate6.340%6.340%7.400%
Blended rate6.340%6.710%7.640%
1st payment$9,858.30$9,858.30$14,762.23
2nd payment$0.00$3,614.70$0.00
Taxes / mo$1,974.17$1,974.17$1,974.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$426.42
HOA / mo$176.00$176.00$176.00
Total monthly$12,225.13$15,839.83$17,555.48
Cash to close$796,595$236,900$236,900