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$979,945$979,945$3,375,000
Remaining term (yrs)9.99.930.0
Secondary amount$0$2,395,055$0
Funding fee$4,900$4,900$0
Note rate2.100%2.100%7.400%
Blended rate2.100%6.109%7.640%
1st payment$9,060.77$9,060.77$23,367.82
2nd payment$0.00$15,468.06$0.00
Taxes / mo$3,125.00$3,125.00$3,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$675.00
HOA / mo$0.00$0.00$0.00
Total monthly$12,402.44$27,870.50$27,384.48
Cash to close$2,770,055$375,000$375,000