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$1,118,883$1,118,883$1,596,600
Remaining term (yrs)25.025.030.0
Secondary amount$0$477,717$0
Funding fee$5,594$5,594$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.337%7.640%
1st payment$5,212.61$5,212.61$11,054.54
2nd payment$0.00$3,085.26$0.00
Taxes / mo$1,478.33$1,478.33$1,478.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$319.32
HOA / mo$439.00$439.00$439.00
Total monthly$7,346.61$10,431.87$13,507.86
Cash to close$655,117$177,400$177,400