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$565,923$565,923$2,700,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$2,134,077$0
Funding fee$2,830$2,830$0
Note rate2.800%2.800%7.400%
Blended rate2.800%6.712%7.640%
1st payment$3,082.24$3,082.24$18,694.25
2nd payment$0.00$13,782.58$0.00
Taxes / mo$517.67$517.67$517.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$540.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,816.57$17,599.15$19,968.59
Cash to close$2,434,077$300,000$300,000