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$1,126,615$1,126,615$1,115,999
Remaining term (yrs)29.029.030.0
Secondary amount$0$51,384$0
Funding fee$5,633$5,633$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.734%7.640%
1st payment$7,187.56$7,187.56$7,726.95
2nd payment$0.00$508.49$0.00
Taxes / mo$1,033.33$1,033.33$1,033.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$223.20
HOA / mo$0.00$0.00$0.00
Total monthly$8,437.55$8,946.04$9,200.15
Cash to close$113,384$62,000$124,000