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$1,108,615$1,108,615$1,795,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$686,885$0
Funding fee$5,543$5,543$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.700%7.640%
1st payment$5,245.68$5,245.68$12,431.68
2nd payment$0.00$4,436.13$0.00
Taxes / mo$1,662.50$1,662.50$1,662.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$359.10
HOA / mo$0.00$0.00$0.00
Total monthly$7,124.85$11,560.99$14,669.95
Cash to close$886,385$199,500$199,500