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$1,044,655$1,044,655$2,155,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$1,110,845$0
Funding fee$5,223$5,223$0
Note rate5.300%5.300%7.320%
Blended rate5.300%6.563%7.560%
1st payment$6,193.87$6,193.87$14,806.79
2nd payment$0.00$7,174.20$0.00
Taxes / mo$1,158.25$1,158.25$1,158.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$431.10
HOA / mo$69.00$69.00$69.00
Total monthly$7,637.78$14,811.99$16,681.81
Cash to close$1,350,345$239,500$239,500