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$1,003,433$1,003,433$989,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$40,617$0
Funding fee$5,017$5,017$0
Note rate6.870%6.870%7.400%
Blended rate6.870%7.065%7.640%
1st payment$6,740.37$6,740.37$6,848.33
2nd payment$0.00$401.94$0.00
Taxes / mo$915.83$915.83$915.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,872.87$8,274.81$8,178.65
Cash to close$95,567$54,950$109,900