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$997,479$997,479$1,169,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$171,621$0
Funding fee$4,987$4,987$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.720%7.640%
1st payment$6,447.09$6,447.09$8,094.61
2nd payment$0.00$1,144.14$0.00
Taxes / mo$533.92$533.92$533.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$29.17$29.17$29.17
Total monthly$7,226.85$8,370.99$9,108.19
Cash to close$301,521$129,900$129,900