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$1,083,440$1,083,440$1,736,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$652,660$0
Funding fee$5,417$5,417$0
Note rate3.000%3.000%7.320%
Blended rate3.000%4.786%7.560%
1st payment$5,184.46$5,184.46$11,925.80
2nd payment$0.00$4,215.10$0.00
Taxes / mo$1,607.50$1,607.50$1,607.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$347.22
HOA / mo$0.00$0.00$0.00
Total monthly$7,008.63$11,223.73$14,097.19
Cash to close$845,560$192,900$192,900