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$1,051,102$1,051,102$1,728,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$676,898$0
Funding fee$5,256$5,256$0
Note rate3.130%3.130%7.320%
Blended rate3.130%4.940%7.560%
1st payment$5,100.91$5,100.91$11,870.16
2nd payment$0.00$4,371.63$0.00
Taxes / mo$802.50$802.50$802.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$345.60
HOA / mo$100.00$100.00$100.00
Total monthly$6,220.07$10,591.70$13,334.93
Cash to close$868,898$192,000$192,000