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$976,553$976,553$1,044,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$67,447$0
Funding fee$4,883$4,883$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.662%7.640%
1st payment$6,305.28$6,305.28$7,228.45
2nd payment$0.00$505.85$0.00
Taxes / mo$966.67$966.67$966.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$208.80
HOA / mo$0.00$0.00$0.00
Total monthly$7,488.61$7,994.46$8,620.58
Cash to close$183,447$116,000$116,000