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$2,111,476$2,111,476$2,249,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$137,624$0
Funding fee$10,557$10,557$0
Note rate6.340%6.340%7.400%
Blended rate6.340%6.442%7.640%
1st payment$13,238.04$13,238.04$15,572.31
2nd payment$0.00$917.49$0.00
Taxes / mo$2,082.50$2,082.50$2,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$449.82
HOA / mo$325.00$325.00$325.00
Total monthly$15,862.21$16,779.70$18,646.30
Cash to close$387,524$249,900$249,900