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$961,455$961,455$1,080,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$118,545$0
Funding fee$4,807$4,807$0
Note rate6.440%6.440%7.400%
Blended rate6.440%6.611%7.640%
1st payment$6,164.13$6,164.13$7,477.70
2nd payment$0.00$790.30$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,380.79$8,171.10$8,910.37
Cash to close$238,545$120,000$120,000