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$1,057,266$1,057,266$1,035,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$35,234$0
Funding fee$5,286$5,286$0
Note rate6.580%6.580%7.320%
Blended rate6.580%6.751%7.560%
1st payment$6,806.86$6,806.86$7,109.73
2nd payment$0.00$348.67$0.00
Taxes / mo$619.08$619.08$619.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,642.61$7,991.28$8,152.48
Cash to close$92,734$57,500$115,000