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$224,034$224,034$1,350,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$1,125,966$0
Funding fee$1,120$1,120$0
Note rate3.100%3.100%7.400%
Blended rate3.100%6.978%7.640%
1st payment$1,106.38$1,106.38$9,347.13
2nd payment$0.00$7,271.86$0.00
Taxes / mo$114.83$114.83$114.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,437.88$8,709.74$9,948.63
Cash to close$1,275,966$150,000$150,000