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$721,796$721,796$2,790,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$2,068,204$0
Funding fee$3,609$3,609$0
Note rate3.480%3.480%7.400%
Blended rate3.480%6.645%7.640%
1st payment$3,733.69$3,733.69$19,317.40
2nd payment$0.00$13,357.15$0.00
Taxes / mo$2,583.33$2,583.33$2,583.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$558.00
HOA / mo$115.00$115.00$115.00
Total monthly$6,648.69$20,005.84$22,790.40
Cash to close$2,378,204$310,000$310,000