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$1,015,615$1,015,615$1,071,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$55,385$0
Funding fee$5,078$5,078$0
Note rate6.540%6.540%7.400%
Blended rate6.540%6.667%7.640%
1st payment$6,583.75$6,583.75$7,415.39
2nd payment$0.00$415.39$0.00
Taxes / mo$260.50$260.50$260.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$214.20
HOA / mo$0.00$0.00$0.00
Total monthly$7,060.92$7,476.31$8,106.75
Cash to close$174,385$119,000$119,000