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$1,025,909$1,025,909$2,155,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$1,129,591$0
Funding fee$5,130$5,130$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.155%7.640%
1st payment$6,551.39$6,551.39$14,924.25
2nd payment$0.00$7,295.27$0.00
Taxes / mo$114.92$114.92$114.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$431.10
HOA / mo$0.00$0.00$0.00
Total monthly$6,882.97$14,178.24$15,686.93
Cash to close$1,369,091$239,500$239,500