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$2,475,398$2,475,398$3,505,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$1,030,102$0
Funding fee$12,377$12,377$0
Note rate6.990%6.990%7.320%
Blended rate6.990%7.213%7.560%
1st payment$20,219.46$20,219.46$24,080.35
2nd payment$0.00$6,652.74$0.00
Taxes / mo$1,864.92$1,864.92$1,864.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$701.10
HOA / mo$0.00$0.00$0.00
Total monthly$22,301.04$28,953.79$26,863.04
Cash to close$1,419,602$389,500$389,500