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$962,335$962,335$1,169,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$206,765$0
Funding fee$4,812$4,812$0
Note rate6.200%6.200%7.320%
Blended rate6.200%6.474%7.560%
1st payment$6,185.94$6,185.94$8,030.91
2nd payment$0.00$1,335.36$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,485.10$8,820.46$9,563.89
Cash to close$336,665$129,900$129,900