Dan Frey Home Loans
Call Dan

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$2,564,512$2,564,512$3,510,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$945,488$0
Funding fee$12,823$12,823$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.837%7.560%
1st payment$16,392.68$16,392.68$24,111.26
2nd payment$0.00$6,106.28$0.00
Taxes / mo$866.75$866.75$866.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$702.00
HOA / mo$0.00$0.00$0.00
Total monthly$17,476.10$23,582.38$25,896.68
Cash to close$1,335,488$390,000$390,000