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$572,246$572,246$2,429,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$1,856,854$0
Funding fee$2,861$2,861$0
Note rate2.880%2.880%7.400%
Blended rate2.880%6.603%7.640%
1st payment$2,665.96$2,665.96$16,818.60
2nd payment$0.00$11,992.18$0.00
Taxes / mo$1,842.18$1,842.18$1,842.18
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$485.82
HOA / mo$31.33$31.33$31.33
Total monthly$4,756.13$16,748.32$19,394.59
Cash to close$2,126,754$269,900$269,900