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$1,108,738$1,108,738$1,079,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$30,312$0
Funding fee$5,544$5,544$0
Note rate5.700%5.700%7.400%
Blended rate5.700%5.864%7.640%
1st payment$6,831.31$6,831.31$7,471.47
2nd payment$0.00$299.97$0.00
Taxes / mo$330.74$330.74$330.74
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$6.25$6.25$6.25
Total monthly$7,384.97$7,684.94$8,240.95
Cash to close$90,262$59,950$119,900