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$1,015,453$1,015,453$1,071,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$55,547$0
Funding fee$5,077$5,077$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.630%7.640%
1st payment$6,556.44$6,556.44$7,415.39
2nd payment$0.00$416.60$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$7,033.61$7,450.21$8,106.75
Cash to close$174,547$119,000$119,000