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$979,001$979,001$990,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$65,999$0
Funding fee$4,895$4,895$0
Note rate6.770%6.770%7.400%
Blended rate6.770%7.092%7.640%
1st payment$6,499.28$6,499.28$6,854.56
2nd payment$0.00$653.11$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,632.61$8,285.73$8,185.89
Cash to close$120,999$55,000$110,000