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$1,223,511$1,223,511$2,025,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$801,489$0
Funding fee$6,118$6,118$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.808%7.640%
1st payment$5,712.96$5,712.96$14,020.69
2nd payment$0.00$5,176.29$0.00
Taxes / mo$1,875.00$1,875.00$1,875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$405.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,804.62$12,980.91$16,517.36
Cash to close$1,026,489$225,000$225,000