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$136,581$136,581$2,070,000
Remaining term (yrs)5.65.630.0
Secondary amount$0$1,933,419$0
Funding fee$683$683$0
Note rate4.000%4.000%7.400%
Blended rate4.000%7.503%7.640%
1st payment$2,219.06$2,219.06$14,332.26
2nd payment$0.00$12,486.67$0.00
Taxes / mo$628.92$628.92$628.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$414.00
HOA / mo$56.25$56.25$56.25
Total monthly$3,120.90$15,607.56$15,648.10
Cash to close$2,163,419$230,000$230,000