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$1,490,005$1,490,005$1,502,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$95,545$0
Funding fee$7,450$7,450$0
Note rate3.890%3.890%7.320%
Blended rate3.890%4.371%7.560%
1st payment$7,655.30$7,655.30$10,318.38
2nd payment$0.00$945.50$0.00
Taxes / mo$1,390.83$1,390.83$1,390.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$300.42
HOA / mo$0.00$0.00$0.00
Total monthly$9,262.80$10,208.30$12,226.30
Cash to close$178,995$83,450$166,900