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$388,634$388,634$1,585,800
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,197,166$0
Funding fee$1,943$1,943$0
Note rate2.720%2.720%7.400%
Blended rate2.720%6.517%7.640%
1st payment$1,829.94$1,829.94$10,979.76
2nd payment$0.00$7,731.70$0.00
Taxes / mo$154.33$154.33$154.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$317.16
HOA / mo$0.00$0.00$0.00
Total monthly$2,200.94$9,932.64$11,667.92
Cash to close$1,373,366$176,200$176,200