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$1,042,352$1,042,352$1,035,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$50,148$0
Funding fee$5,212$5,212$0
Note rate6.790%6.790%7.400%
Blended rate6.790%7.023%7.640%
1st payment$6,968.47$6,968.47$7,166.13
2nd payment$0.00$496.26$0.00
Taxes / mo$581.75$581.75$581.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$40.00$40.00$40.00
Total monthly$7,806.89$8,303.15$8,211.55
Cash to close$107,648$57,500$115,000