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$752,454$752,454$2,878,200
Remaining term (yrs)28.028.030.0
Secondary amount$0$2,125,746$0
Funding fee$3,762$3,762$0
Note rate6.200%6.200%7.400%
Blended rate6.200%7.345%7.640%
1st payment$4,713.47$4,713.47$19,928.08
2nd payment$0.00$13,728.78$0.00
Taxes / mo$2,665.00$2,665.00$2,665.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$575.64
HOA / mo$0.00$0.00$0.00
Total monthly$7,595.14$21,323.91$23,385.38
Cash to close$2,445,546$319,800$319,800