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$416,577$416,577$1,975,500
Remaining term (yrs)18.318.330.0
Secondary amount$0$1,558,923$0
Funding fee$2,083$2,083$0
Note rate3.690%3.690%7.320%
Blended rate3.690%6.894%7.560%
1st payment$2,592.05$2,592.05$13,570.31
2nd payment$0.00$10,068.04$0.00
Taxes / mo$1,829.17$1,829.17$1,829.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$395.10
HOA / mo$299.00$299.00$299.00
Total monthly$4,936.88$15,004.92$16,310.25
Cash to close$1,778,423$219,500$219,500