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$1,047,085$1,047,085$2,330,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$1,283,015$0
Funding fee$5,235$5,235$0
Note rate5.510%5.510%7.320%
Blended rate5.510%6.743%7.560%
1st payment$6,340.12$6,340.12$16,006.17
2nd payment$0.00$8,286.14$0.00
Taxes / mo$1,158.25$1,158.25$1,158.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$466.02
HOA / mo$69.00$69.00$69.00
Total monthly$7,784.04$16,070.17$17,916.11
Cash to close$1,541,915$258,900$258,900