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$219,750$219,750$1,395,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$1,175,250$0
Funding fee$1,099$1,099$0
Note rate3.570%3.570%7.400%
Blended rate3.570%7.092%7.640%
1st payment$1,459.44$1,459.44$9,658.70
2nd payment$0.00$7,590.16$0.00
Taxes / mo$141.03$141.03$141.03
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$279.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,817.13$9,407.29$10,295.39
Cash to close$1,330,250$155,000$155,000