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$1,377,936$1,377,936$2,339,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$961,164$0
Funding fee$6,890$6,890$0
Note rate3.720%3.720%7.400%
Blended rate3.720%5.376%7.640%
1st payment$7,336.50$7,336.50$16,195.46
2nd payment$0.00$6,207.52$0.00
Taxes / mo$2,165.83$2,165.83$2,165.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$467.82
HOA / mo$36.00$36.00$36.00
Total monthly$9,755.00$15,962.52$19,081.78
Cash to close$1,221,064$259,900$259,900