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$1,037,542$1,037,542$1,962,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$924,458$0
Funding fee$5,188$5,188$0
Note rate3.360%3.360%7.400%
Blended rate3.360%5.428%7.640%
1st payment$5,313.51$5,313.51$13,584.49
2nd payment$0.00$5,970.46$0.00
Taxes / mo$1,816.67$1,816.67$1,816.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$392.40
HOA / mo$110.00$110.00$110.00
Total monthly$7,456.85$13,427.30$16,120.23
Cash to close$1,142,458$218,000$218,000