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$476,679$476,679$4,049,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$3,572,421$0
Funding fee$2,383$2,383$0
Note rate2.740%2.740%7.320%
Blended rate2.740%7.160%7.560%
1st payment$2,222.49$2,222.49$27,814.51
2nd payment$0.00$23,071.88$0.00
Taxes / mo$2,698.33$2,698.33$2,698.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$809.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,137.49$28,209.37$31,539.33
Cash to close$4,022,321$449,900$449,900