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$288,394$288,394$5,121,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$4,832,606$0
Funding fee$1,442$1,442$0
Note rate2.730%2.730%7.400%
Blended rate2.730%7.467%7.640%
1st payment$1,343.15$1,343.15$35,456.77
2nd payment$0.00$31,210.58$0.00
Taxes / mo$4,741.67$4,741.67$4,741.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$1,024.20
HOA / mo$0.00$0.00$0.00
Total monthly$6,301.48$37,512.06$41,439.30
Cash to close$5,401,606$569,000$569,000