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$1,493,267$1,493,267$1,615,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$122,233$0
Funding fee$7,466$7,466$0
Note rate6.760%6.760%7.400%
Blended rate6.760%6.854%7.640%
1st payment$9,836.33$9,836.33$11,185.40
2nd payment$0.00$814.89$0.00
Taxes / mo$638.25$638.25$638.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.10
HOA / mo$140.00$140.00$140.00
Total monthly$10,831.25$11,646.14$12,503.41
Cash to close$301,733$179,500$179,500