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$562,868$562,868$1,620,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,057,132$0
Funding fee$2,814$2,814$0
Note rate2.860%2.860%7.400%
Blended rate2.860%6.051%7.640%
1st payment$2,690.56$2,690.56$11,216.55
2nd payment$0.00$6,827.31$0.00
Taxes / mo$1,500.00$1,500.00$1,500.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$324.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,407.22$11,234.53$13,257.22
Cash to close$1,237,132$180,000$180,000