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$1,403,613$1,403,613$1,701,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$297,387$0
Funding fee$7,018$7,018$0
Note rate5.510%5.510%7.400%
Blended rate5.510%5.902%7.640%
1st payment$8,402.53$8,402.53$11,777.38
2nd payment$0.00$1,920.63$0.00
Taxes / mo$1,575.00$1,575.00$1,575.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$340.20
HOA / mo$0.00$0.00$0.00
Total monthly$10,194.20$12,114.83$13,909.25
Cash to close$486,387$189,000$189,000