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$1,023,612$1,023,612$2,686,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$1,662,888$0
Funding fee$5,118$5,118$0
Note rate2.650%2.650%7.400%
Blended rate2.650%5.807%7.640%
1st payment$4,737.07$4,737.07$18,600.78
2nd payment$0.00$10,739.49$0.00
Taxes / mo$2,487.50$2,487.50$2,487.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$537.30
HOA / mo$585.00$585.00$585.00
Total monthly$8,026.24$18,765.72$22,427.25
Cash to close$1,961,388$298,500$298,500