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$1,125,518$1,125,518$1,215,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$89,482$0
Funding fee$5,628$5,628$0
Note rate6.730%6.730%7.400%
Blended rate6.730%6.897%7.640%
1st payment$7,450.07$7,450.07$8,412.41
2nd payment$0.00$671.12$0.00
Taxes / mo$1,125.00$1,125.00$1,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,791.74$9,462.85$9,997.08
Cash to close$224,482$135,000$135,000