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$1,062,128$1,062,128$1,201,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$139,372$0
Funding fee$5,311$5,311$0
Note rate6.350%6.350%7.320%
Blended rate6.350%6.541%7.560%
1st payment$6,762.44$6,762.44$8,253.47
2nd payment$0.00$929.15$0.00
Taxes / mo$578.25$578.25$578.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$240.30
HOA / mo$29.17$29.17$29.17
Total monthly$7,586.53$8,515.68$9,317.86
Cash to close$272,872$133,500$133,500