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$228,382$228,382$1,349,100
Remaining term (yrs)16.416.430.0
Secondary amount$0$1,120,718$0
Funding fee$1,142$1,142$0
Note rate3.560%3.560%7.400%
Blended rate3.560%7.041%7.640%
1st payment$1,526.85$1,526.85$9,340.90
2nd payment$0.00$7,237.97$0.00
Taxes / mo$41.12$41.12$41.12
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$269.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,784.64$9,022.60$9,868.50
Cash to close$1,270,618$149,900$149,900