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$1,581,546$1,581,546$2,061,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$479,454$0
Funding fee$7,908$7,908$0
Note rate6.770%6.770%7.320%
Blended rate6.770%6.998%7.560%
1st payment$10,398.86$10,398.86$14,157.64
2nd payment$0.00$3,096.47$0.00
Taxes / mo$1,704.08$1,704.08$1,704.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$412.20
HOA / mo$227.00$227.00$227.00
Total monthly$12,546.61$15,643.08$16,717.59
Cash to close$708,454$229,000$229,000