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$315,005$315,005$1,125,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$809,995$0
Funding fee$1,575$1,575$0
Note rate6.270%6.270%7.320%
Blended rate6.270%7.336%7.560%
1st payment$2,036.16$2,036.16$7,727.97
2nd payment$0.00$5,231.22$0.00
Taxes / mo$612.33$612.33$612.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,865.15$8,096.37$8,781.96
Cash to close$934,995$125,000$125,000