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$650,560$650,560$2,295,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$1,644,440$0
Funding fee$3,253$3,253$0
Note rate2.670%2.670%7.400%
Blended rate2.670%6.310%7.640%
1st payment$3,024.56$3,024.56$15,890.12
2nd payment$0.00$10,620.34$0.00
Taxes / mo$2,125.00$2,125.00$2,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$459.00
HOA / mo$617.00$617.00$617.00
Total monthly$5,983.23$16,603.57$19,307.78
Cash to close$1,899,440$255,000$255,000