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$1,301,345$1,301,345$1,484,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$182,755$0
Funding fee$6,507$6,507$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.528%7.640%
1st payment$6,131.57$6,131.57$10,275.61
2nd payment$0.00$1,218.37$0.00
Taxes / mo$1,374.17$1,374.17$1,374.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.82
HOA / mo$300.00$300.00$300.00
Total monthly$8,022.40$9,240.77$12,463.26
Cash to close$347,655$164,900$164,900