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$691,383$691,383$1,935,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$1,243,617$0
Funding fee$3,457$3,457$0
Note rate2.880%2.880%7.320%
Blended rate2.880%6.010%7.560%
1st payment$3,243.02$3,243.02$13,292.11
2nd payment$0.00$8,031.69$0.00
Taxes / mo$2,447.92$2,447.92$2,447.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$387.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,907.60$13,939.30$16,343.69
Cash to close$1,458,617$215,000$215,000