Dan Frey Home Loans
Call Dan

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$1,111,775$1,111,775$1,975,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$863,725$0
Funding fee$5,559$5,559$0
Note rate6.840%6.840%7.320%
Blended rate6.840%7.238%7.560%
1st payment$7,409.98$7,409.98$13,570.31
2nd payment$0.00$5,578.22$0.00
Taxes / mo$600.58$600.58$600.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$395.10
HOA / mo$44.92$44.92$44.92
Total monthly$8,272.15$13,850.37$14,827.58
Cash to close$1,083,225$219,500$219,500