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$1,977,645$1,977,645$2,515,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$537,855$0
Funding fee$9,888$9,888$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.767%7.560%
1st payment$12,641.36$12,641.36$17,279.74
2nd payment$0.00$3,473.64$0.00
Taxes / mo$2,329.17$2,329.17$2,329.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$503.10
HOA / mo$0.00$0.00$0.00
Total monthly$15,187.19$18,660.84$20,328.67
Cash to close$817,355$279,500$279,500