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$1,312,767$1,312,767$1,305,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$64,733$0
Funding fee$6,564$6,564$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.486%7.640%
1st payment$8,136.82$8,136.82$9,035.56
2nd payment$0.00$640.59$0.00
Taxes / mo$205.92$205.92$205.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,559.41$9,200.00$9,719.14
Cash to close$137,233$72,500$145,000