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$233,786$233,786$1,215,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$981,214$0
Funding fee$1,169$1,169$0
Note rate2.800%2.800%7.400%
Blended rate2.800%6.798%7.640%
1st payment$1,107.67$1,107.67$8,412.41
2nd payment$0.00$6,337.01$0.00
Taxes / mo$420.83$420.83$420.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,745.17$8,082.18$9,292.91
Cash to close$1,116,214$135,000$135,000