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$51,170$51,170$1,665,000
Remaining term (yrs)4.54.530.0
Secondary amount$0$1,613,830$0
Funding fee$256$256$0
Note rate6.960%6.960%7.320%
Blended rate6.960%7.726%7.560%
1st payment$1,072.78$1,072.78$11,437.39
2nd payment$0.00$10,422.65$0.00
Taxes / mo$1,541.67$1,541.67$1,541.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$333.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,831.11$13,253.77$13,528.73
Cash to close$1,798,830$185,000$185,000