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$1,195,146$1,195,146$1,246,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$51,354$0
Funding fee$5,976$5,976$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.459%7.640%
1st payment$7,609.35$7,609.35$8,630.51
2nd payment$0.00$385.16$0.00
Taxes / mo$1,154.17$1,154.17$1,154.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$249.30
HOA / mo$193.00$193.00$193.00
Total monthly$9,173.18$9,558.34$10,443.65
Cash to close$189,854$138,500$138,500