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$1,367,955$1,367,955$1,889,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$521,955$0
Funding fee$6,840$6,840$0
Note rate3.140%3.140%7.400%
Blended rate3.140%4.413%7.640%
1st payment$6,544.11$6,544.11$13,085.36
2nd payment$0.00$3,370.96$0.00
Taxes / mo$420.75$420.75$420.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$377.98
HOA / mo$0.00$0.00$0.00
Total monthly$7,181.52$10,552.48$14,100.75
Cash to close$731,945$209,990$209,990