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$216,129$216,129$2,497,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$2,281,371$0
Funding fee$1,081$1,081$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.642%7.560%
1st payment$1,384.23$1,384.23$17,156.09
2nd payment$0.00$14,733.86$0.00
Taxes / mo$842.17$842.17$842.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$499.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,443.06$17,176.92$18,714.43
Cash to close$2,558,871$277,500$277,500