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$1,114,157$1,114,157$2,429,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,314,943$0
Funding fee$5,571$5,571$0
Note rate3.010%3.010%7.400%
Blended rate3.010%5.576%7.640%
1st payment$5,424.54$5,424.54$16,818.60
2nd payment$0.00$8,492.34$0.00
Taxes / mo$2,249.17$2,249.17$2,249.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$485.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,890.38$16,382.72$19,770.25
Cash to close$1,584,843$269,900$269,900