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$1,801,576$1,801,576$2,384,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$582,524$0
Funding fee$9,008$9,008$0
Note rate6.720%6.720%7.400%
Blended rate6.720%6.972%7.640%
1st payment$11,962.20$11,962.20$16,507.03
2nd payment$0.00$3,762.13$0.00
Taxes / mo$221.92$221.92$221.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$476.82
HOA / mo$0.00$0.00$0.00
Total monthly$12,400.78$16,162.91$17,422.43
Cash to close$847,424$264,900$264,900